Merit Street Media, founded by Dr. Phil McGraw, has filed for bankruptcy in Texas, citing assets and liabilities of $100 million to $500 million. The network is suing the Christian Trinity Broadcasting Network for failing to fulfill critical distribution agreements, alleging that these failures caused over $100 million in financial losses. This lawsuit claims intentional sabotage by the broadcasting partner, leading to significant operational challenges. McGraw initially launched the network to provide resources aimed at countering a perceived cultural assault on American families and values. Meanwhile, several staff members were unexpectedly laid off.
The network, launched by McGraw in an effort to counter the cultural woke' assault, is filing for bankruptcy and claims significant financial losses.
Merit Street Media is suing its broadcast partner, accusing it of failing to provide agreed-upon national distribution critical for the network's success.
The lawsuit alleges that Trinity Broadcasting Network intentionally made choices to undermine Merit Street Media, leading to losses exceeding $100 million.
Dr. Phil McGraw stated that Merit Street Media aims to fight for America and its families against a cultural woke' assault.
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