JOURNAL ARTICLE

Dr. Phil's Media Firm Fired Most Employees, Ended Production When It Filed Bankruptcy.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Church, Steven 3 of 3

Abstract

The article focuses on the bankruptcy filing of Merit Street Media, a television startup founded by celebrity psychologist Phil McGraw, which has laid off nearly all its employees due to a dispute with its broadcasting partner, Trinity Broadcasting Network. The conflict has hindered Merit Street's access to its audience, leading to significant layoffs and the inability to produce new content. Merit Street has filed for Chapter 11 bankruptcy and is pursuing legal action against Trinity to recover funds to repay creditors, while Trinity claims McGraw failed to fulfill his production commitments. The case is being heard in the US Bankruptcy Court for the Northern District of Texas. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/07, pN.PAG
  • Document Type:Article
  • Subject Area:Health and Medicine
  • Publication Date:2025
  • Accession Number:186392107
  • Copyright Statement:Copyright of Bloomberg.com is the property of Bloomberg, L.P. and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Looking to go deeper into this topic? Look for more articles on EBSCOhost.