Television network files, Dr. Fil, “Anti -Banking”, after only one year

Last year, in an attempt to take advantage of a violent response to tourists, Dr. Phil (the real name Phil McGraw) launched his own TV channel, which he said would be used to fight the good battle against the extreme left left. MERIT Street Media, according to McGRAW, will be the forefront of the battle for Soul of America.

“The Merit Street Media will be a supplier of information and strategies to fight for America and its families, which is subject to cultural assault that it has not happened before,” said McGaru. at that time. “I love this country and I think the family is the backbone of our society. We will together stand strongly and fight for the sake of spirit and rationality in America and get things that concern the right path.”

MERIT Street has made a partnership with Network Trinity Broadcasting Network, which calls itself “The Watching Faith and Family Watch Network in the world.

Since then, things have not been going well for Mogul TV. Last summer, just a few months after its launch, the company 28 employees applyAnd that was claimed to be more than a third of its employees at the time. Then, last month, MERIT Street demobilized 40 other employees, where they more staff executed.

This week, Merit Street also submitted to bankruptcy of Chapter 11, Various reports. At the same time, the company filed a lawsuit against TBN, accused it of sabotaging the work, as the director notes. MERIT Street claims that TBN “misrepresented its position as a dominant shareholder”, and as a result, MERIT Street was forced to “pay or bear obligations to third parties exceeding $ 100 million.”

The litigation also stated that TBN made “a conscious and knowledgeable option to cause the loss of MERIT Street by blocking distribution payments despite the repeated recognition of these distribution payments was the only TBN responsibility of 100 %.” The company also states that TBN provided production services that were “functionally used. The cell phone application is not useful for viewers and amateur video editing programs.”

The bankruptcy proposal submitted to the bankruptcy court in the United States in the northern province of Texas states that the company has reported “assets and opponents ranging from $ 100 million and $ 500 million”, The Daily Beast He writes.

“These failures by TBN were not unintended or unintended,” Merrit Street says in her suit. “They were a conscious and deliberate pattern of consecutive options with full awareness that as a result is sabotage and concluding the fate of a new but famous network at the national level.”

Gizmodo Communicate to Merit Street for more information. A representative from TBN said that the company is currently do not have any comment on litigation.