- Feb 5, 2002
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Merit Street Media, the Texas media company founded by TV personality and psychologist Dr. Phil McGraw, has filed for bankruptcy amid an ongoing legal fight with Trinity Broadcasting Network.
The Fort Worth-based company claims that TBN failed to "live up to its contractual obligations" as the "controlling shareholder" of Merit Street, leaving the media company founded by McGraw with over $100 million in debt, according to a lawsuit filed on Wednesday in the U.S. Bankruptcy Court for the Northern District of Dallas.
Launched in April 2024, Merit Street is "going dark" just over a year after its debut because, it says, TBN "has refused to honor its commitment" to provide national distribution for the network, which features a programming lineupanchored by "Dr. Phil Primetime" along with "Crime Stories with Nancy Grace" and "The Island with Bear Grylls," among other shows.
Continued below.
www.christianpost.com
The Fort Worth-based company claims that TBN failed to "live up to its contractual obligations" as the "controlling shareholder" of Merit Street, leaving the media company founded by McGraw with over $100 million in debt, according to a lawsuit filed on Wednesday in the U.S. Bankruptcy Court for the Northern District of Dallas.
Launched in April 2024, Merit Street is "going dark" just over a year after its debut because, it says, TBN "has refused to honor its commitment" to provide national distribution for the network, which features a programming lineupanchored by "Dr. Phil Primetime" along with "Crime Stories with Nancy Grace" and "The Island with Bear Grylls," among other shows.
Continued below.
Dr. Phil's media company files for bankruptcy, sues TBN for breach of contract
Merit Street Media, the Texas media company founded by TV personality and psychologist Dr Phil McGraw, has filed for bankruptcy amid an ongoing legal fight with Trinity Broadcasting Network
www.christianpost.com
