Dr. Phil’s Merit Street Media has filed for bankruptcy and sued its distribution partner, Trinity Broadcasting.
Launched in early 2024, the network cited a “severely strained liquidity position” and failure to secure outside funding, according to The Hollywood Reporter. THR reports the following:
“It also mentions ongoing legal issues with Trinity Broadcasting and the Professional Bull Riders as contributing factors. In conjunction with the Chapter 11 bankruptcy filing in the U.S. Bankruptcy Court’s North Texas Division (Merit Street is based in Fort Worth), Merit Street has sued Trinity for breach of contract, claiming the broadcaster, best known for its Christian programming, failed to live up to the terms of their joint venture.”
A Merit Street spokesperson said the company sued Trinity Broadcasting for failing to deliver promised national distribution and other key commitments. The lawsuit, part of a broader restructuring effort, also accuses Trinity of abusing its power as a controlling shareholder and pushing Merit Street into costly distribution deals.
Dr. Phil McGraw’s Merit Street Media is filing for bankruptcy, and is also suing its distribution partner, Trinity Broadcasting, for breach of contract. https://t.co/R1R9vp5sLh
— The Hollywood Reporter (@THR) July 3, 2025
