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You can stop holding your breath — former AOL (NYSE: TWX) CEO Jon Miller’s no-compete window with Time Warner has closed and, as has been widely expected for days, he is now the chief digital officer of News Corp (NYSE: NWS). Miller also will head a new Digital Media Group as chairman and CEO, overseeing News Corp.’s standalone digital businesses including MySpace, IGN Entertainment, Photobucket, as well as Jamba and the Hulu joint venture with NBC Universal (NYSE: GE). On the strategic side, he will also “collaborate with operational heads and digital executives through all lines of business around the globe to develop and refine digital efforts.” Miller leaves Velocity Interactive Group, where he was a founding partner.