Dr. Phil McGraw’s Fort Worth-based TV network, Merit Street Media, has filed for bankruptcy a little over a year after its first broadcast and sued its business partner, Trinity Broadcasting Network.
The lawsuit alleges that Trinity “sabotaged” Merit Street through its “conscious and knowing choice to cause Merit Street to lose its national distribution by withholding payments.”
Merit Street claims that it was forced to take on more than $100 million in payments or obligations to others as a result of its partnership with Trinity…