Merit Street Media Files for Bankruptcy Amid Dispute With Christian Television Giant Trinity

Dr. Phil's year-old cable network, Merit Street Media, has filed for bankruptcy, accusing broadcast partner Trinity Broadcasting Network of reneging on obligations that led to financial harm to its business. The lawsuit claims TCT Ministries also contributed to the financial woes of Merit Street Media. Dr. Phil's TV show is a key part of his brand and its loss would be a significant blow. The bankruptcy filing marks a dramatic downfall for the network, which was established just last year.