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The Latest Breaking News from Merit Street

Dr. Phil’s media company ordered to liquidate after losing bankruptcy case with ‘no hope for rehabilitation’

‘This Chapter 11 case is an anomaly” since ‘there never has been a pretense of a rehabilitation or a reorganization’ of Merit Street, a bankruptcy judge said this week.

The Independent UK

Is Dr Phil's Career Over? MAGA Media Empire Implodes Amid Fraud Lawsuit and Massive Layoffs

Dr Phil's Merit Street Media is mired in bankruptcy turmoil, a $500m court fight and layoffs, while he readies a comeback with Envoy Media and fresh distribution.

International Business Times UK

Deal Dispatch: PepsiCo, Sycamore, Dr. Phil, SSENSE, Bain's Chindata Lead M&A, Bankruptcy Moves

For the previous edition of Deal Dispatch, click here.

Benzinga

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Bombshell texts in Dr. Phil case appear to reveal brazen and ‘problematic’ bankruptcy ‘scheme’ to kickstart new media company

‘The documents produced to date demonstrate that this bankruptcy was conceived as a scheme to divert the Debtor’s employees and intellectual property to Envoy, a competing business Dr. Phil founded the day before this case was filed,’ the Professional Bull Riders stated in its filing this week.

The Independent UK

Dr. Phil sued by Christian broadcaster for ‘reprehensible conduct’ in $500 million deal: ‘Years-long fraudulent scheme’

‘TBN now asserts its affirmative claims against Peteski and McGraw related to the years-long fraudulent scheme that they developed and executed to fleece TBN,’ the lawsuit alleges.

The Independent UK

Pro bull riding league claims Dr. Phil ‘orchestrated’ bankruptcy to avoid litigation and ‘jumpstart’ new media venture

Professional Bull Riders, the largest pro bull-riding league in the world, claims that Dr. Phil’s Merit Street Media owes it $181 million for breach of contract and unpaid fees.

The Independent UK

Pro bull riding league files objection to Dr. Phil’s media bankruptcy saying it is owed $181 million

Dr. Phil’s conservative-leaning cable network Merit Street Media filed for bankruptcy barely a year after it launched in April 2024

The Independent UK

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Dr. Phil launching new media network of ‘citizen journalists’ after his first one goes bankrupt

Envoy Media Co. will include ‘live, balanced news, original entertainment programming, and immersive viewer experiences,’ according to celebrity psychologist

The Independent UK

Dr. Phil’s anti-woke TV network files for bankruptcy, accuses Christian broadcasting partner of ‘sabotage’

‘They were a conscious, intentional pattern of choices made with full awareness that the consequence of which was to sabotage and seal the fate of a new but already nationally acclaimed network,’ Merit Street’s lawsuit alleged.

The Independent UK

Steve Harvey Takes Equity Partnership in Merit Street Media

Repeats of his NBC talker, ‘Steve,’ to air on Dr. Phil McGraw's new network

Broadcasting & Cable

Nancy Grace Joins Dr. Phil McGraw’s Merit Street Media

‘Crime Stories with Nancy Grace’ to air weeknights at 6 p.m. ET

Multichannel News

Dr. Phil McGraw’s Merit Street Media To Launch on Trinity Broadcasting Network

Merit Street to debut Feb. 26, 2024

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