The TV personality’s media venture is on the brink of collapse.
Dr. Phil McGraw’s attempt to launch his own MAGA -aligned media venture has spectacularly backfired., in 2002, has run into financial troubles with his cable network, Merit Street Media, resulting in an indefinite “hiatus,” according to ahe was “compelled to engage with a broader audience” due to his “grave concerns for the American family.
” The new media company—named after McGraw’s “respect for the meritocracy on which the country was built”—with offices in the Dallas–Fort Worth area of Texas, introduced, promising that the show and network would “stand strong and fight for the very soul and sanity of America.”partnership with a religious broadcaster, Trinity Broadcasting Network . “We are thrilled to embark on this groundbreaking journey by creating a network that is not only widely accessible but also a hub for diverse, engaging content,” said Joel Cheatwood, COO of Merit Street Media, in a statement at the time.of a deal with Merit Street, claiming the company had breached the contract by “failing to pay rights fees owed.” In a statement, McGraw’s company said that Merit Street had “agreed to work out its differences with PBR in a confidential proceeding” and was “surprised” by the termination announcement., citing McGraw’s launch of a new entertainment company, Envoy Media, in partnership with Steve Harvey, and alleging that he “orchestrated” the Chapter 11 filing to “avoid menacing litigation against PBR and jumpstart Envoy Media Co.”Dan Boczarski/NBCU Photo Bank/NBCUniversal via Getty Images via Getty Images
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