Judge converts case to Chapter 7, sidelining McGraw and Peteski Productions.
When MinistryWatch first reported on the collapse of Dr. Phil McGraw’s Merit Street Media last July, the network had just filed for Chapter 11 bankruptcy and sued Trinity Broadcasting Network (TBN), its majority owner.
Video screenshot / Dr. Phil Primetime from July 8, 2025
The lawsuit accused TBN of sabotaging the venture and failing to meet its financial and distribution obligations. Merit Street launched Merit TV in 2024 as a joint venture between McGraw’s Peteski Productions and TBN, promising a major new cable and streaming platform built around Dr. Phil Primetime and other celebrity-driven programming.
The complaint also claimed that TBN’s…