Dr. Phil McGraw's Merit Street Media Files For Chapter 11 and Sues Distribution Partner Trinity Broadcasting originally appeared on Daytime Confidential.

The Fort Worth-based startup founded by celebrity psychologist Dr. Phil McGraw on Wednesday filed for Chapter 11 bankruptcy protection, while simultaneously suing Trinity Broadcasting Network for breach of contract.

TV psychologist and talk-show host Dr. Phil McGraw's Fort Worth-based Merit Street Media declared Chapter 11 bankruptcy on Tuesday and filed a lawsuit against its partner, Trinity Broadcasting Network.

Del Monte Foods has filed for Chapter 11 bankruptcy protection and announced it is pursuing a sale. Why it matters: The nearly 140-year-old company — known for staples like canned vegetables and fruit cups — has faced mounting pressures from changing consumer habits,

Del Monte Foods, the nearly 140-year-old canned food giant based in Walnut Creek, has filed for Chapter 11 bankruptcy protection and is seeking a buyer. Del Monte President and CEO Greg Longstreet said in a news release Tuesday that the California-based company had voluntarily filed for Chapter 11 bankruptcy at the U.