Merit Street Media laid off almost third of its employees on Friday, sources tell Deadline. The move comes four months after the launch of Dr.
Phil McGraw‘s news and entertainment TV network with Christian-based Trinity Broadcasting cable network as a main distribution partner, putting the new brand in more than 65 million homes on DirecTV and Dish, among cable and satellite systems.
Almost 40 employees were impacted by the cuts, sources said, bringing the company’s headcount to about 100 for a close to 30% reduction.
As recent hires, the laid-off workers did not qualify for severance and did not received any, I hear. “Following the brief summer hiatus of Dr.
Read more on deadline.com
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