Dr Phil's media company files for bankruptcy

[get these nets]

Grand opening

Merit Street Media launched in 2023 with ambitions of becoming "one of the most widely distributed startup networks in modern history," according to an announcement at the time.


"Merit Street Media will be a resource of information and strategies to fight for America and its families, which are under a cultural 'woke' assault as never before," said McGraw at the time of the announcement. "I love this country and I believe family is the backbone of our society. Together we are going to stand strong and fight for the very soul and sanity of America and get things that matter back on track."

GRAND CLOSING

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

The multiplatform network owned by the once popular talk show host is facing financial struggles for which it finds its partner, Trinity Broadcasting Network, at fault.

www.cbsnews.com

07/05/25



Merit Street Media, the multiplatform network owned by former daytime talk show host Dr. Phil McGraw, has filed for bankruptcy less than two years after its launch.

The television and entertainment company filed the motion for Chapter 11 protection on Wednesday in the U.S. Bankruptcy Court in the Northern District of Texas. The filing comes just weeks after the struggling company laid off 40 employees in a second wave of job cuts following the dismissal of roughly a third of its staff in August of 2024.