Former daytime television talk show host Phil McGraw's JV Merit Street Media has filed for bankruptcy protection and sued its business parther, Trinity Broadcasting, for breach of contract.

Dr. Phil McGraw on 'Jesse Watters Primetime' on Feb. 26, 2024. Roy Rochlin/Getty. McGraw's Merit Street Media filed for bankruptcy on Wednesday, July 2, suing TBN, the network's broadcasting ...

Merit Street Media, the multiplatform network owned by former daytime talk show host Dr. Phil McGraw, has filed for bankruptcy less than two years after its launch.

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The bankruptcy filing and lawsuit come within weeks of Dr. Phil's North Texas-based TV network confirming its most recent round of layoffs.