🔁Mario Nawfal:
🇺🇸 “BROKEN PROMISES” AND A $96M TIMEBOMB: DR. PHIL’S TV NETWORK FILES FOR BANKRUPTCY
Merit Street Media, the talk-show startup he launched in 2023 after walking away from daytime TV, filed for Chapter 11 this week, claiming it was sabotaged by Trinity Broadcasting Network.
The heart of the drama? A broken deal worth tens of millions.
Merit Street says Trinity promised to provide free nationwide distribution and production... then didn’t.
That failure allegedly left the network stuck with $96 million in bills, with no lifeline in sight.
Now, Dr. Phil’s company is suing Trinity while scrambling to restructure.
His production company, Peteski, has already poured in $25 million and pledged another $21.4 million to keep the lights on - at least for now.
Source: Bloomberg
https://x.com/MarioNawfal/... https://x.com/MarioNawfal/...
🇺🇸 “BROKEN PROMISES” AND A $96M TIMEBOMB: DR. PHIL’S TV NETWORK FILES FOR BANKRUPTCY
Merit Street Media, the talk-show startup he launched in 2023 after walking away from daytime TV, filed for Chapter 11 this week, claiming it was sabotaged by Trinity Broadcasting Network.
The heart of the drama? A broken deal worth tens of millions.
Merit Street says Trinity promised to provide free nationwide distribution and production... then didn’t.
That failure allegedly left the network stuck with $96 million in bills, with no lifeline in sight.
Now, Dr. Phil’s company is suing Trinity while scrambling to restructure.
His production company, Peteski, has already poured in $25 million and pledged another $21.4 million to keep the lights on - at least for now.
Source: Bloomberg
https://x.com/MarioNawfal/... https://x.com/MarioNawfal/...
1 day ago
