Dr. Phil's Merit Street Media company files for bankruptcy less than 2 years after launch

Retrieved on: 2025-07-02 21:58:15

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Dr. Phil's Merit Street Media company files for bankruptcy less than 2 years after launch. View article details on hiswai:

Summary

Merit Street Media Bankruptcy: A New Media Network Faces Setback

In an article by CBS News, Merit Street Media, founded by Dr. Phil McGraw, has filed for Chapter 11 bankruptcy protection less than two years post-launch. The ambitious startup network aimed to revolutionize TV media but faces severe financial challenges and filed a lawsuit against Trinity Broadcasting Network for unmet commitments.

Merit Street Media launched in 2023, aiming for wide distribution.
The network collaborated with Trinity Broadcasting Network.
Filed for bankruptcy with assets/liabilities between $100M-$500M.
Dr. Phil emphasized the network's mission to uphold family values.

Article found on: www.cbsnews.com

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