Bankrupt Missouri company sells local TV station
Published: January 21,2013
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.
To sign up for Mississippi Business Daily Updates, click here.
Twang & Tourism: The Country Music Trail
Still planning that summer vacation?
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Silver Airways ordered to continue service
- Seafood R’evolution set to make Mississippi ‘the new culinary epicenter of the South’
- Bryant signs controversial abortion ban bill
- Two Delta groups getting economic development funding
- Pharma Pac lays off rest of workers; could end up owing state
- Soybean yield more than doubles in less than a decade
- Plans unveiled for large shooting range on Coast
- Ole Miss launches commitment to be 'climate neutral'
- Yarber could be sworn in today as new Jackson mayor
- Biloxi baseball project still alive but may be held for 2015