Dr. Phil’s Cable TV Community Benefit Avenue Media Information for Chapter

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Dr. Phil's Cable TV Network Merit Street Media Files for Bankruptcy

NEED TO KNOW

  • Dr. Phil McGraw’s Benefit Avenue Media voluntarily filed for Chapter 11 chapter earlier this week
  • A supply conversant in the state of affairs tells ipromiseyoumedia that McGraw remains to be “deeply dedicated” to the model and its workers regardless of the information
  • Benefit Avenue Media launched in April 2024 and contains programming like McGraw’s new discuss present, Dr. Phil Primetime

Dr. Phil McGraw’s Benefit Avenue Media has voluntarily filed for Chapter 11 chapter within the Northern District of Texas as a result of an unresolved dispute with the mega Christian broadcast community, Trinity Broadcasting Community, earlier this week.

A supply conversant in the state of affairs solely tells ipromiseyoumedia the transfer seems to be a part of an effort to protect the worth of the Benefit Avenue model, slightly than a shutdown.

“Dr. Phil is deeply dedicated to the way forward for the model and his workers,” the supply says. “Regardless of the state of affairs, he stays targeted, energized and — true to type — as supportive and engaged together with his workforce as ever.”

The supply calls McGraw, who first rose to fame via appearances on The Oprah Winfrey Present within the Nineties, “one of many kindest, most devoted individuals.”

“That is somebody who clearly cares and all the time leads with integrity,” they added.

McGraw’s Benefit Avenue Media filed for chapter on Wednesday, July 2, suing TBN, the community’s broadcasting associate, and TCT Ministries, Inc. within the course of.

Benefit Avenue Media’s grievance, which was obtained by ipromiseyoumedia, alleges that TBN “abused its place because the controlling shareholder of Benefit Avenue to improperly and unilaterally burden Benefit Avenue with unsustainable debt” and prompted Benefit Avenue to “pay or incur obligations to 3rd events in extra of $100 million.”

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“Essentially the most egregious impression is TBN’s acutely aware and figuring out option to trigger Benefit Avenue to lose its nationwide distribution by withholding distribution funds regardless of repeatedly acknowledging these distribution funds have been 100% TBN’s sole accountability,” the grievance alleges. “Merely put, on account of TBN’s conduct, Benefit Avenue has nowhere to ship its broadcast sign and nowhere to air its programming regardless of how nice it could be.”

Benefit Avenue Media claims TBN’s actions have been “a acutely aware, intentional patter of selections made with full consciousness that the implications of which was to sabotage and seal the destiny of a brand new however already nationally acclaimed community.”

ipromiseyoumedia has reached out to TBN and TCT Ministries, Inc. for touch upon the lawsuit.

McGraw first introduced plans for Benefit Avenue Media in a submit he shared to X (previously generally known as Twitter) in November 2023.

“I am coming again in primetime on a complete new community that is referred to as Benefit Avenue Media,” McGraw stated in a video announcement on the time.

“It is my new community, however I’ve received some information that I wish to share with you about that. That is truly not my community, that is our community,” he continued. “That is one thing that is going to be targeted solely on what’s essential to you. What you wish to discuss, what you wish to do and Dr. Phil goes to be on in primetime.”

The announcement got here lower than half a yr after the top of Dr. Phil, his long-running daytime discuss present, which premiered in 2002 and aired for 21 seasons.

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His new discuss present, Dr. Phil Primetime, debuted in April 2024 when the community launched.

Different programming on the community facilities round information and true crime.

Nancy Grace joined the community to host Crime Tales with Nancy Grace, whereas former Bachelor Nation host Chris Harrison and spouse Lauren Zima joined with their present and podcast, By the Drama with Chris & Lauren.

By no means miss a narrative — join ipromiseyoumedia’s free every day neighborhood to remain up-to-date on the most effective of what ipromiseyoumedia has to supply​​, from celeb information to forcing human curiosity tales.

Extra programming contains basic episodes of Dr. Phil, reside sports activities programming, the Academy of Nation Music Honors particular and reruns of The Island With Bear Grylls and Steve Harvey’s discuss present, Steve.

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