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Media industry vets start advisory firm

Mike Kelly and Tom Newman announced the launch of an advisory and investment firm, Kelly Newman Ventures.

The firm advises and invests in entrepreneurial companies. It also sources, executes and oversees investments and acquisitions in digital media companies for investors and strategic partners.

Kelly, CEO of Kelly Newman Ventures, has formerly served as the CEO of The Weather Channel, president of AOL Media Networks, and president of global marketing at Time Warner Inc.

Newman was formerly president of Interactive One, head of strategy for AOL Media Networks, corporate strategy for Time Warner, and investment banker at Goldman Sachs Group Inc.