Benefit Boulevard Media, the multiplatform community owned by means of former daylight hours communicate display host Dr. Phil McGraw, has filed for chapter lower than two years after its release.
The tv and leisure corporate filed the movement for Bankruptcy 11 coverage on Wednesday within the U.S. Chapter Court docket within the Northern District of Texas. The submitting comes simply weeks after the suffering corporate laid off 40 staff in a 2nd wave of task cuts following the dismissal of more or less a 3rd of its personnel in August of 2024.Â
Benefit Boulevard Media introduced in 2023 with ambitions of changing into “some of the extensively disbursed startup networks in fashionable historical past,” in line with an announcement on the time. The corporate’s broadcast community, shaped in partnership with Christian-based Trinity Broadcasting Community (TBN), presented a huge lineup of programming that includes well-liked TV personalities together with Nancy Grace, Undergo Grylls and Steve Harvey, along with McGraw, the face of the community. Â
“Benefit Boulevard Media will probably be a useful resource of knowledge and techniques to battle for The us and its households, that are below a cultural ‘woke’ attack as by no means earlier than,” mentioned McGraw on the time of the announcement. “I really like this nation and I imagine circle of relatives is the spine of our society. In combination we’re going to stand sturdy and battle for the very soul and sanity of The us and get issues that topic again on the right track.”
In its chapter submitting, the Citadel Wort, Texas-based corporate reported belongings and liabilities of between $100 million and $500 million, court docket data display.Â
The corporate on Wednesday additionally filed a lawsuit towards TBN, in line with a Benefit Boulevard spokesperson.
“Trinity Broadcasting Community is being sued by means of Benefit Boulevard Media for failing to supply obviously agreed upon nationwide distribution and different important foundational commitments essential to the community’s proceeding luck and viability,” the spokesperson informed CBS Information in a commentary. “The swimsuit is a part of a restructuring continuing additionally initiated by means of MSM.”
Benefit Boulevard Media didn’t instantly respond to a request for remark from CBS MoneyWatch. Each reside and streaming content material proceed have been nonetheless to be had at the Merittv.com web page as of Wednesday.
