Dr. Phil’s Peteski Productions has voluntarily agreed to pay former Merit Street Media employees $925,000 to settle outstanding compensation claims following the joint venture’s Chapter 11 bankruptcy filing. The decision comes as Merit Street Media, formed in 2023 with Trinity Broadcasting, sued the Christian network for alleged breaches of contract and financial mismanagement.
Merit Street Media, which was formed in 2023 and launched Merit TV in 2024, was a joint venture of Dr. Phil’s Peteski Productions and Trinity Broadcasting that filed for Chapter 11 bankruptcy in July and simultaneously filed a lawsuit against the network that specializes in Christian programming. According to a memo sent by Peteski attorneys to former Merit Street Media employees and independent contractors, Dr. Phil’s production company agreed to loan the bankrupt company enough cash to fully pay workers for pre-bankruptcy work. The initial loan amount fell short once Trinity Broadcasting was allowed to delay a key hearing by three weeks, but Peteski has upped the figure to do the