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Dr. Phil’s Merit Street Media JV Files For Bankruptcy, Sues Partner Trinity Broadcasting For Breach Of Contract
Dr. Phil’s Fort Worth-based JV Merit Street Media filed for Chapter 11 and sued business partner Trinity Broadcasting for breach of contract that destroyed it new network pushed it into bankruptcy.
Dr. Phil ’s Fort Worth-based JV Merit Street Media filed for Chapter 11 on Wednesday, simultaneously suing business partner Trinity Broadcasting for breach of contract that it claims destroyed its new television network and pushed it into bankruptcy. Since its launch last year, Merit Street has featured McGraw’s interview with Donald Trump following his conviction on New York state charges, as well as the host’s embed with federal immigration agents back in January. The filing in United States Bankruptcy Court for the Northern District of Texas estimated Merit Street’s assets at $100-$500 million and liabilities in the same range.
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