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Dr. Phil's Merit Street Media company files for bankruptcy

Y2kTheNewOldies

Y2kTheNewOldies

www.cbsnews.com

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 www.cbsnews.com

thedesk.net

Dr. Phil's media company declares bankruptcy, sues media partner

The company was unable to secure a new round of funding; separately, Merit Street Media is suing distribution partner Trinity Broadcasting for breach of contract.
thedesk.net thedesk.net

Note this also includes a lawsuit from Merit Media against TBN over breach of contract.

Merit Street Media, the television production and distribution company formed by former talk show host Dr. Phil McGraw, has filed for Chapter 11 bankruptcy protection.

The filing comes less than two years after Merit Street Media brought its first TV channel, Merit TV, to broadcast and cable TV platforms. Separate from the bankruptcy filing, Merit Street Media is suing its distribution partner, Trinity Broadcasting, on allegations of breach of contract.



Both legal cases come about two weeks after Merit Street Media laid off nearly four dozen employees amid a restructuring of its internal operations.

Two months ago, McGraw and Merit Street Media CEO Ken Solomon attempted to woo advertisers to the network by pitching itself as a rapidly-growing media operation with a television network that reached millions of viewers on broadcast, cable and streaming TV.
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Merit Street accused TBN of depriving it of a platform to “send its broadcast signal” and leaving it with “nowhere to air its programming, no matter how great it may be.”

That reads like language I’d expect from our current President
 
An article I read today, also mentioned separately his company owes payment to PBR the Professional Bull Riders Association. They dropped there programing back in November from his channel for lack of payment.
 
DavinaR said:
An article I read today, also mentioned separately his company owes payment to PBR the Professional Bull Riders Association. They dropped there programing back in November from his channel for lack of payment.
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PBR cutting ties with Merit Street Media is the exact reason why the PBR is streaming their events on WWE's YouTube channel as of late (since WWE and PBR are now under the TKO Group Holdings umbrella along with the UFC).
 
Will_H_69_9 said:
PBR cutting ties with Merit Street Media is the exact reason why the PBR is streaming their events on WWE's YouTube channel as of late (since WWE and PBR are now under the TKO Group Holdings umbrella along with the UFC).
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I did not know they are apart of TKO now. I heard they are streaming there events on the pbr Pluto tv channel until they find a new distribution partner.
 
For a channel supposedly named after meritocracy, Phil has demonstrated precious little of it from day one.

The funniest part was when he hired tabloid schlockmeister Joel Cheatwood to run Merit Street's news department, telling the Dallas News, "[m]e telling him about picking news stories would be like a j*****s telling a racehorse how to run. I’m not gonna do that."
 
Wait a minute- TBN was paying Dr. Phil to distribute the show? Is that correct? I thought it was a "Dr. Phil rent-a-channel" sort of deal where he would rent a subchannel from TBN and buying "national" distribution. Did TBN think enough of the Merit Street TV channel where they paid him thinking, "A 24 hour channel programmed by Dr. Phil- that will be just the thing to get people to un-hide our channels and start watching at least something that is coming from our transmitters."
If this is the case TBN and Dr. Phil deserve each other. In case you didn't know, TBN, they pay you to carry their programming on one of your subchannels, not the other way around.

As of 2200 PDT Merit Street TV is still on our local TBN affiliate, KTBW 20.2. I predict when the suits get in tomorrow at TBN Dr. Phil will be yanked off of the air.

Val
 
Larry said:
Merit Street accused TBN of depriving it of a platform to “send its broadcast signal” and leaving it with “nowhere to air its programming, no matter how great it may be.”

That reads like language I’d expect from our current President
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Chump and Dr. Phil are alike.
 


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