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Dr. Phil's Merit Street Media Files for Bankruptcy

7/3/2025

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Summary

Story summary

Merit Street Media, founded by Dr. Phil McGraw, filed for Chapter 11 bankruptcy in Texas after less than two years.
The company recently laid off 40 employees, adding to previous staff reductions of one-third.
Merit Street Media's assets and liabilities are estimated between $100 million and $500 million.
The company is pursuing legal action against Trinity Broadcasting Network for unmet distribution commitments.
Live and streaming content continues to be accessible on Merittv.com.

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Story summary

Merit Street Media, founded by Dr. Phil McGraw, filed for Chapter 11 bankruptcy in Texas after less than two years.
The company recently laid off 40 employees, adding to previous staff reductions of one-third.
Merit Street Media's assets and liabilities are estimated between $100 million and $500 million.
The company is pursuing legal action against Trinity Broadcasting Network for unmet distribution commitments.
Live and streaming content continues to be accessible on Merittv.com.