The financial collapse of Dr. Phil McGraw ’s Merit Street Media has escalated into a courtroom battle.
The Hollywood Reporter shared on Tuesday, August 19, that in a lawsuit filed this week in Texas federal court, McGraw’s former partner, Trinity Broadcasting, claims he misled the company in a $500 million, ten-year deal, alleging that he failed to produce the promised content while draining millions from the venture. The Christian network says the agreement — intended to deliver hundreds of new episodes of his flagship talk show — produced no results.
McGraw’s team rejected the accusation. In a statement, a spokesperson insisted that 214 new episodes of Dr. Phil Primetime aired on Merit, And “to say otherwise is absolutely false.”
According to the outlet, Merit Street Media, now in ban