Merit Street Media, Host of the Host of the Host Day Talk Show. Phil McGrath -owned multiplace network has filed for bankruptcy after less than two years of its launch.
Television and Entertainment Company on Wednesday filed a proposal for chapter 11 in the US bankruptcy court in the northern district of Texas. The filing is just a few weeks after the closure by the company living away from 40 Employee In August 2024, in a second wave of job cuts after the dismissal of about one third of his employees.
Merit Street Media launched the ambitions to become one of the most widely distributed startup network in 2023, according to one, according to one Announcement Those days. The company formed in a partnership partnered with the Christian-based Trinity Broadcasting Network (TBN) offered a broadcast of the network, the face of the network, McGrag, besides McGrag, besides a comprehensive lineup of programming programming of popular TV personalities including Nancy Grace, Bayer Grills and Steve Harvey.
Dr. Phil will announce the new network, “The merit street media will be a resource of information and strategies to fight for the US and its families, which are under a cultural ‘waking’ like never before.” “I love this country and I believe that family is the backbone of our society. Together we are going to stand strong and are fighting for a lot of soul and purity of America and get things that come back on the track.”
In its bankruptcy filing, the Fort Vort, Texas -based company reported property and liabilities between $ 100 million and $ 500 million, showing court records.
According to a Merit Street spokesperson, the company on Wednesday filed a case against TBN.
The spokesperson told CBS News in a statement, “The merit street media on Trinity Broadcasting Network is being sued to clearly agree on other important basic commitments by national distribution and continuous success and viability of the network.” “The suit is part of a reorganization proceedings initiated by MSM.”
Merit Street Media did not immediately respond to CBS Manivatch’s remarks request. Both live and streaming materials were still available on Merittv.com website on Wednesday.
