Dr. Phil McGraw’s Merit Street Media has filed for Chapter 11 bankruptcy protection — and the TV talk-show host’s company is suing former partner Trinity Broadcasting Network, alleging breach of contract and breach of fiduciary duty.

Dr. Phil McGraw's Merit Street Media is filing for bankruptcy, and is also suing its distribution partner, Trinity Broadcasting, for breach of contract. Merit Street is less than two years old, having launched in early 2024 with a McGraw-led talk show as its flagship program.

The celebrity psychologist's network, Merit Street Media, has blamed a distribution partner for its recent bankruptcy filing.