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.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Alcorn president launches new customer service task force
- NEW IN MADISON COUNTY — Mississippi Bio-Medical Business Collaboratory to be introduced Friday
- David Duval, former British Open winner, joins Sanderson Farms field
- Court rules against Greenwood councilwoman; must give up office
- GreenTech holds grand opening of neighborhood electric vehicle plant
- Turner Grain’s bankruptcy will help consolidate lawsuits alleging breach of contract
- Cochran continues to reach out to African American voters
- Peoples Bank reports quarterly loss due to bad loans
- Senators write letter over Waters of the United States proposal