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Dr. Phil’s Media Company Ordered to Liquidate After Court Ruling

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Dr. Phil McGraw’s new media venture has hit a major setback. A U.S. bankruptcy court has ordered his network, Merit Street Media, to be liquidated after finding that the company had “no realistic path to recovery.”

Photo credit: The Wall Street Journal

The decision, handed down by Judge Scott W. Everett in Texas, ends months of financial uncertainty surrounding Merit Street, which Dr. Phil launched earlier this year in partnership with Trinity Broadcasting Network. The network was created to feature family-friendly talk shows and lifestyle programming and even served as the new home for Dr. Phil Primetime, his post-syndication television project.

Photo credit: The New York times

But things quickly took a downturn. Court documents reveal that Merit Street owes more than $180 million to creditors, including the Professional Bull Riders league, which had a multi-year broadcast deal with the company. PBR accused Merit Street of moving its assets into another venture, Envoy Media, just before filing for bankruptcy, a move the court viewed as a bad-faith attempt to shield resources. The ruling converts the company’s bankruptcy filing from Chapter 11 to Chapter 7, meaning a court-appointed trustee will now sell off its assets to pay outstanding debts.

Photo Credit: Chron

Dr. Phil’s representatives have pushed back on the judgment, saying they “strongly disagree” with the findings and plan to appeal. Despite the legal drama, the television personality still remains a dominant figure across television and digital media and recently teased new projects under his personal brand. For now, though, the once-ambitious Merit Street Media dream seems to have reached its final episode.

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Cardi B Gives Birth to Baby No. 4, Her First With Boyfriend Stefon Diggs

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Cardi B is officially a mom of four! The “Bodak Yellow” rapper and boyfriend Stefon Diggs welcomed their first child on Thursday, according to an Instagram post. The 33-year-old star shared a video of herself modeling her post-baby physique in a black miniskirt and coat, writing that her life has always been “a combination of different chapters and different seasons.”

Starting over, she said, “is never easy but it’s been so worth it.” Cardi celebrated bringing “new music and a new album to the world,” along with “a new baby into my world, and one more reason to be the best version of me.” She added that this new chapter is “Me vs. Me,” noting she’s already prepping for her tour and ready to give fans “the performance of a lifetime.”

Photo credit: Getty images

TMZ confirmed she gave birth to a son “last week” after rumors circulated when footage surfaced of her sitting in a New Jersey gym. Cardi previously revealed in September on CBS Mornings that she and the NFL star were expecting, telling Gayle King she felt “excited,” “happy,” and in a “good space.”

Her rep later confirmed the birth to TODAY.com, sharing no further details. The news followed an Instagram post where Cardi reflected on entering a “new season” and the strength she’s found through motherhood.

This baby marks her first with Diggs and joins her three children with estranged husband Offset, daughter Kulture, 7, son Wave, 3, and daughter Blossom, born in 2024. Cardi filed for divorce from Offset for the second time in 2024. She previously shared that her newest addition would arrive before her 2026 “Little Miss Drama Tour” kicks off.

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Paris Jackson Reveals She Has a Hole Inside Her Nose After Years of Drug Abuse

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Paris Jackson revealed a nasal injury from past drug use, sharing that she has a hole in her nose. Michael Jackson’s daughter recently posted a TikTok video on Monday, November 10. She admitted she had never addressed this before, and shone a flashlight up her nose to show the perforated septum.

The condition, which results in a hole in the tissue separating the nostrils, can occur after long-term drug use. “I have a really loud whistle when I breathe through my nose, that is because I have what is called a perforated septum, slightly different from a deviated septum and that is from what you think it’s from,” she said.

Paris Jackson: Instagram

Jackson explained that her past substance abuse left her with permanent damage and it’s something she’d have to live with, and she has no plans for surgery to fix it. Her reason was that the procedure would require medications, which she prefers to avoid as she approaches six years of sobriety.

Paris added that she has learned to live with the condition since her early twenties, even though it sometimes causes discomfort, especially in the studio. She warned her fans not to do drugs, explaining how it affected her health and career.

Paris Jackson: Instagram

Since getting sober, Jackson has spoken openly about her past struggles with heroin and alcohol addiction. “I didn’t just get my life back, I got a better one,” she said recently at the 35th annual Friendly House Awards Luncheon in Los Angeles on October 11, where she was awarded the Shining Star Award. Friendly House is a rehabilitation facility that supports women dealing with addiction and trauma. The 27-year-old described sobriety as “getting into a car accident because everything I shoved in the back seat moved forward on impact and today I’m learning to navigate life on life’s terms.”

Paris Jackson: Instagram

During her speech, the singer also said she’s grateful to be part of a community that supports her recovery and personal growth. Adding that helping others stay connected has been one of the greatest action she’s ever done, and she prays to keep doing so.

Paris Jackson’s honesty about her past and her ongoing recovery shows how far she has come and how openness is part of the healing process.

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Taylor Swift and Sabrina Carpenter Seen Together in New York

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Taylor Swift and Sabrina Carpenter’s friendship appears closer than ever. A while back, the pair teamed up for the title track of Swift’s 12th studio album, The Life of a Showgirl. Recently, the duo was seen stepping out for dinner on Friday, November 7, at The Corner Store in SoHo, New York City.

Taylor Swift: Getty images

Swift once again wore her signature pleated mini: a Thom Browne Asymmetric wool miniskirt with the label’s RWB stripe-detail polo shirt. She completed the outfit with sheer black tights, Gucci women’s Horsebit Platform Slingback Pumps and a brown The Row Half Moon Leather Shoulder Bag. The “Fortnight” singer wore her brunette hair down and completed the look with her classic red lip.

Sabrina Carpenter: Getty images

Meanwhile, Sabrina Carpenter paired a white turtleneck sweater from Guest in Residence with black miniskirt and pantyhose. Layered over it was a tan coat. She accessorized with a chain strap black bag from Chanel and a pair of kitten heels from Pedro Garcia.

Their night out came hours after Carpenter’s big news, she received six nominations for the 2026 Grammy Awards. The “Espresso” singer was nominated for Record of the Year, Album of the Year, Best Music Video, Song of the Year, Best Pop Vocal Album, and Best Pop Solo Performance.

Although Taylor Swift isn’t eligible for the 2026 Grammy Awards, as her latest album, The Life of a Showgirl, dropped recently after the cutoff date.

Taylor Swift & Sabrina Carpenter: Getty images

The night out in Soho seemed to be a celebration for Sabrina Carpenter and her six nominations, and what better way to celebrate than your close friend and collaborator, Taylor Swift.

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