According to newly released documents, Dr. Phil’s production companies received up to $7 million from the paycheck protection program, the massive federal plan designed to help small businesses ride out the financial crisis caused by the coronavirus.
Stage 29 Productions, run by Phil McGraw and his son Jay McGraw, got a loan valued at between $1 million and $2 million. The company makes programs, including Dr. Phil’s eponymous talk show and “DailyMailTV,” and was on a list of recipients disclosed on Monday by the Small Business Administration.
Dr. Phil’s other production company, Peteski Productions, also got a loan valued at between $2 million and $5 million, the government agency reported.
On the same day those numbers were reported, Variety reported Phil’s youngest son, aspiring rock star Jordan — who is engaged to reality-TV star and E! host Morgan Stewart — had paid $10 million in cash for a 6,500-square-foot mansion in the exclusive Trousdale Estates neighborhood of Beverly Hills. – READ MORE
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