US Edition
Dr. Phil’s Year-Old Cable Network Files for Bankruptcy, Accusing Broadcast Partner of Reneging on Obligations
- On Wednesday, Merit Street Media filed for Chapter 11 bankruptcy and sued Trinity Broadcasting Network for breach of contract, claiming partner actions caused its collapse.
- Merit Street alleges Trinity Broadcasting Network failed to guarantee distribution, provided dysfunctional production, and abused its controlling shareholder power, incurring over $100 million in liabilities.
- Court records show Merit Street Media reported assets and liabilities of $100–$500 million, with over 200 creditors including DirecTV owed $1.7 million and Dish Network $900,000, citing unmet obligations by TBN.
- Following layoffs, Merit Street Media has no platform to broadcast or air its programming due to TBN's alleged breach, worsening its financial crisis.
- The collapse highlights ongoing challenges for the cable industry as audiences shift to streaming, with Merit Street's bankruptcy illustrating risks for ventures claiming to be anti-woke alternatives.
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Dr. Phil’s anti-woke network files for bankruptcy, accuses distributor of ‘sabotage’
‘They were a conscious, intentional pattern of choices made with full awareness that the consequence of which was to sabotage and seal the fate of a new but already nationally acclaimed network,’ Merit Street’s lawsuit alleged.
·London, United Kingdom
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Dr. Phil's young TV network files for bankruptcy, accuses partner of breaching contract
The lawsuit, which was filed with the US Bankruptcy Court in the Northern District of Texas, comes one year after McGraw launched his network. McGraw retired as the host of the Dr. Phil television show in 2023, after 21-years on air.
·Washington, United States
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Coverage Details
Total News Sources30
Leaning Left7Leaning Right2Center17Last UpdatedBias Distribution65% Center
Bias Distribution
- 65% of the sources are Center
65% Center
L 27%
C 65%
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