Dr. Phil's Anti-Woke Television Network Files For Bankruptcy, Sues Christian Trinity Broadcasting Network
Source: MEDIAite
Jul 2nd, 2025, 11:07 pm
Merit Street Media, the cable news network founded by reality television star Dr. Phil McGraw, filed for bankruptcy on Wednesday and filed a lawsuit accusing its business partner of losing the network more than $100 million.
The network, which launched by McGraw in an effort to counter the “cultural ‘woke’ assault,” filed for bankruptcy in the Northern District of Texas, reporting “assets and liabilities of between $100 million and $500 million,” according to CBS News. Merit Street Media is also suing its broadcast partner, the Christian Trinity Broadcasting Network, which partnered with McGraw in December 2023 to distribute the network.
“Trinity Broadcasting Network is being sued by Merit Street Media for failing to provide clearly agreed upon national distribution and other significant foundational commitments critical to the network’s continuing success and viability,” a Merit Street Media spokesperson told CBS in a statement. “The suit is part of a restructuring proceeding also initiated by MSM.”
The lawsuit specifically accuses Trinity Broadcasting Network of having “abused its position as the controlling shareholder,” forcing Merit Street Media to “pay or incur obligations to third parties in excess of $100 million.”
Read more: https://www.mediaite.com/media/tv/dr-phils-anti-woke-television-network-files-for-bankruptcy-sues-christian-trinity-broadcasting-network/
I heard this story on my local CBS affiliate radio station this morning but there was no mention of "Dr. Phil" IIRC. Just one media company suing another (and I was like who? what?). I wonder why?
But this shows the RW loon willingness to create or buy "media" to MESSAGE, no matter how idiotic. And even if these manufactured entities lose money and/or fail, they still get some kind of ROI, and consider it "a donation to the cause".
I see DUers whining about MeidasTouch and some of the other liberal podcasts, labeling them as "click bait" and other disparaging characterizations. THIS IS MESSAGING FOLKS, NO MATTER HOW IT IS PRESENTED. Unfortunately in this crazy world, "tabloids sell". When someone says "Snooki", unfortunately whether anyone watched the show she was on or not, the name (and persona) is "familiar" to the masses.
We have NO financial stake in any of the M$M so we have no say over what THEY program, including anything about Democrats (which will always be generally negative), and this fact needs to be repeated over and over.
= new reply since forum marked as read
Remember GloriFi?
Peter Thiel was a major backer of this pro-gun Texas bank. Didn't even last three months. It was a bank for people who "found Wall Street too liberal."
GloriFi offered bank accounts and credit cards, and planned to provide mortgages and insurance while also touting capitalism, family, law enforcement and the freedom to “love of God and country,” according to the Journal.
Neugebauer also pitched plans to offer gun owners discounts on home insurance, credit cards made of shell casing material, and assistance paying legal bills if customers shot someone in self-defense, Rolling Stone reported.
https://www.yahoo.com/news/texas-anti-woke-bank-goes-024123407.html
In the end, it’s too much merch from the top down. People are tapped out with the Trump fad and are going broke—except the 1% who benefit from everyone else who goes bankrupt from failed economic fads.
They can brand it, but nobody’s buying it anymore—it’s stale.
I would be so embarrassed to pay for anything with a GloriFi credit card!
Shell casing material? You cannot make this stuff up.
When I was in David Letterman's studio audience, Dr. Phil was his main guest! 
He was "embedded" as he claimed. 
The other guests were a woman on a TV show that I'd never seen before or since and a band that created a lot of smoke which we couldn't tell was intentional or not. But Dave was very nice, after 30+ years he still came out at the end and thanked the audience for coming. 
Nasty whale on two legs. Yes, that's how evolution worked, sadly. 
Dr. Ruth?
