this post was submitted on 06 Jul 2025
157 points (99.4% liked)

Business

1033 readers
357 users here now

A place to share business news and insights.


Rules


  1. Follow lemmy.world rules
  2. Only post content related to business
  3. Do not use this community to promote your business

founded 2 years ago
MODERATORS
 

Dr. Phil McGraw’s conservative-leaning cable network Merit Street Media is filing for bankruptcy barely a year after its launch, and is also suing its distribution partner Trinity Broadcasting for breach of contract.

In its lawsuit against the Christian broadcaster, Merit Street alleged that Trinity “reneged on its obligations and abused its position as the controlling shareholder of Merit Street,” leaving the upstart channel with over $100 million in debt.

top 11 comments
sorted by: hot top controversial new old
[–] surewhynotlem@lemmy.world 10 points 14 hours ago

100 million in debt.

The money went somewhere.

[–] ghostlychonk@lemmy.world 7 points 13 hours ago

I love when the right grifts their own.

[–] plz1@lemmy.world 40 points 21 hours ago (1 children)

Thoughts and prayers, scumbag. Oh no, you got scammed? So sad.

[–] Bonesince1997@lemmy.world 21 points 21 hours ago (1 children)

By a Christian broadcaster nonetheless 🤣

[–] AstaKask@lemmy.cafe 16 points 18 hours ago

Not very surprising. Religious people are overrepresented in every type of crime. It's because their abusive upbringing lead to them never developing morals.

[–] HappySkullsplitter@lemmy.world 30 points 21 hours ago (1 children)
[–] SanctimoniousApe@lemmings.world 12 points 20 hours ago

Think that meme answered its own question.

[–] pastermil@sh.itjust.works 5 points 14 hours ago

He's not blaming it on the woke?

[–] Treczoks@lemmy.world 3 points 14 hours ago

Yeah! Bitch Fight! Get out the popcorn, it might get entertaining.

[–] linkinkampf19@lemmy.world 4 points 15 hours ago

Someone's gotta poop on Dr Phil and his shitty network.

[–] PaulBunyan@lemmy.world 4 points 16 hours ago

Veterans of the Blame Game: it’s never their own fault