As Revolt is heading into its third anniversary, the music-themed digital cable network owned by Sean Combs and backed by Comcast will be looking for a new CEO. Keith T. Clinkscales, who has held the post since the channel’s inception, is leaving. COO Derek Ferguson will take oversight of the company during the search for Clinkscales’ replacement. Here is the internal memo Clinkscales just sent to the company’s staff:
As we approach our third anniversary in October, I must take a moment of reflection to truly enjoy what has happened here at REVOLT. It is with some trepidation, that I announce to you all that I will be leaving REVOLT.
I have had the distinct pleasure in participating in a successful launch with one of the most prolific entrepreneurs in American history, our chairman Sean Combs. Most importantly, I want to sincerely thank him and the entire board for the opportunity to lead and to help get us to where we are today.
REVOLT has provided me with many wonderful memories, scintillating challenges, and a great deal of fun. Most of all, being here at REVOLT provided me with a history-making opportunity.
I am grateful for the opportunity to work with the senior executives of Combs Enterprises and for making me feel like one of “the family.”
But most of all, I would like to thank all of you, my fellow teammates. You’ve always been a joy to work with and together we have a track record of amazing achievements during one of the most dynamic times in the history of the industry. You all should be very proud of how far you have brought this company.
The price of innovation is paid with the courage to make changes. Although I will no longer be your leader, I assure you that REVOLT is standing on exceptional footing.
Continue to be great friends, and continue to exemplify one of the Chairman’s greatest qualities…persistence.
“Can’t Stop, Won’t Stop.”
Keith T. Clinkscales
Launched in October 2013, Revolt was among the new minority-owned channels Comcast committed to carry when seeking approval for the merger with NBCUniversal. For more than a year, Comcast was Revolt’s main distributor, along with TWC, sparking rumors of a cash crunch in 2014, with Clinkscales acknowledging challenges in growing the business amid a consolidation in the cable/satellite provider industry. Revolt expanded its coverage in 2015, signing pacts with A&T U-verse and DirecTV.
In a December 2015 interview, Clinkscales called Revolt’s launch the third largest for an independent cable network — greater than Oxygen and the NFL and NHL networks — reaching 50 million young adults across multiple platforms.