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Dr. Phil’s Cable TV Network Files for Bankruptcy and Sues Christian Broadcaster TBN, Its Former Partner
Dr. Phil McGraw's Merit Street Media filed for Chapter 11 bankruptcy protection and sued former partner Trinity Broadcasting Network.
TBN provided screens and teleprompters that blacked out during live shows, an incomplete control room operating out of a truck, an unusable cell phone app for viewers, and amateur video editing software. In August 2024, Merit Street laid off 38 employees, more than one-third of its staff, and last month placed an additional 40 staffers on “summer hiatus,” WFAA reported. Merit Street describes itself as “a premier multi-platform destination media brand spearheaded by Dr. Phil McGraw, the esteemed best-selling author and award-winning television host.”
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