Kara Swisher

Recent Posts by Kara Swisher

Former News Corp Digital Exec Jon Miller Joins Shari Redstone’s Advancit as Partner

Former News Corp digital head Jon Miller has joined Advancit Capital as a partner. Advancit is an early-stage investment firm that was started two years ago by Shari Redstone and Jason Ostheimer; Redstone is the daughter of Sumner Redstone, director at CBS and Viacom, and president of National Amusements. Advancit has made several dozen investments over two years, many in the online media and entertainment arenas, including Maker Studios, Oyster and Circa. In 2011, a regulatory filing noted that the venture firm had raised $3.2 million. Miller — who used to work at Viacom, where he met Redstone — is the first non-family partner at Advancit.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work