Dr. Phil Media Co.'s Committee Backs Chapter 11 Settlement

By Emily Lever · September 15, 2025, 6:05 PM EDT

Merit Street Media's official committee of unsecured creditors has thrown its support behind a proposed $17 million Chapter 11 settlement funded by Dr. Phil McGraw's production company Peteski Productions, saying a...

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Bankruptcy Scorecard

Summary

A Texas broadcasting network co-founded and co-owned by TV personality Dr. Phil's production company filed for bankruptcy to sell its assets. It simultaneously sued the other half of the joint venture, Christian broadcaster Trinity Broadcasting Network, alleging it failed to live up to its obligations under the partnership.

Case Number

8:25-bk-80156

Judge

Scott W. Everett

Venue

U.S. Bankruptcy Court for the Northern District of Texas

Capital Structure

Total Liabilities:

$100 million to $500 million

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Documents

Related Sections

Case Information

Case Title

Merit Street Media, Inc.

Case Number

8:25-bk-80156

Court

Texas Northern

Nature of Suit

Date Filed

July 02, 2025

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