Home » NEWS » Bankrupt Missouri company sells local TV station

Bankrupt Missouri company sells local TV station

JACKSON — St. Louis, Mo.-based Roberts Cos. is selling a TV station in Mississippi, one of many assets the financially troubled company has on the market.

The St. Louis Post-Dispatch reports a bankruptcy judge approved the sale of WRBJ in Jackson to Trinity Broadcasting Network, a nonprofit religious corporation.

Roberts Cos. is led by St. Louis brothers Michael and Steven Roberts. Its broadcasting arm, Roberts Broadcasting, filed for bankruptcy in October 2011. The firm also owns WRBU in St. Louis, WZRB in Columbia, S.C., and WAZE in Evansville, Ind.

Roberts Cos. is seeking to sell assets that include six hotels outside of St. Louis in an effort to settle a $34 million lawsuit filed last year by Bank of America.

BEFORE YOU GO…

… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Megan Wright

Leave a Reply

Your email address will not be published. Required fields are marked *

*