FTVLive FIRST told you two days ago that Joel Cheatwood had left Glenn Beck's The Blaze and now we know what he's up to.

Cheatwood is best know as the developing WSVN's tabloid style newscast and turning it into a Miami powerhouse.

CNN reports that Cheetwood, along with former Blaze executive Chris Balfe is building a digital media startup that will reflect some of the lessons learned while at TheBlaze. The startup is currently in stealth mode while the two men talk with potential partners.

TheBlaze was a big risk when Beck, Balfe and Cheatwood launched it in 2011, months after Beck and Cheatwood left Fox News. It's now credited with being one of the first direct-to-subscriber streaming video businesses, a category that other media companies and A-list celebrities are now pursuing with vigor.

Cheatwood is an innovator and you can bet that his new venture will have some forward thinking ideas that many will soon be copying.

Stay tuned....