Phil McGraw’s Merit Street Media files for bankruptcy, sues distribution partner Trinity Broadcasting

Dr. Phil McGraw’s Merit Street Media is filing for bankruptcy, and is also suing its distribution partner, Trinity Broadcasting, for breach of contract.

Merit Street is less than two years old, having launched in early 2024 with a McGraw-led talk show as its flagship program. In its filing, the company cites a “severely strained liquidity position” and the failure to secure additional outside capital as reasons for the declaration. It also mentions ongoing legal issues with Trinity Broadcasting and the Professional Bull Riders as contributing factors.

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