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.
Top Posts & Pages
- DAVID DALLAS — Roger Wicker: Profile in discouragement
- Ecolab reducing Columbus workforce
- Tommy Robertson indicted on five counts of embezzlement
- State's ventures into alt-fuel markets net few jobs
- BILL CRAWFORD — More jobs, but fewer with jobs, huh?
- Lab owner loses challenge to 40 months in waste case
- ANITA MODAK-TRURAN — Mississippi’s motion picture renaissance
- MSU-CVM professor leads major reference publication
- Watch out for wildlife while driving on roads, highways