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Posts Tagged ‘Roberts Broadcasting’

Roberts Broadcasting to Sell Stations as Part of Bankruptcy Settlement

roberts broadcastingThe St. Louis Post-Dispatch reports three TV stations owned by Roberts Broadcasting are being sold as part of the station group’s bankruptcy settlement.

WRBU in St. Louis, WZRB in Columbia, SC, and WAZE in Evansville, IN, will be purchased by ION Media Networks for $7.75 million. WRBJ in Jackson, MS, has already been sold for 1.5 million.

Roberts Broadcasting, led by brothers Michael and Steve Roberts, filed for bankruptcy in St. Louis in October 2011 after racking up millions of dollars in judgments for failure to pay licensing fees. When it filed for bankruptcy, the TV operator listed debts exceeding $3 million and assets of more than $800,000.

The proceeds from the sale of the four stations will pay creditors. Read more

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Trinity Buys WRBJ from Roberts Broadcasting

Trinity Broadcasting Network has purchased the Jackson, MS CW affiliate, WRBJ from Roberts Broadcasting.

Trinity will use the station to broadcast its Christian programming.  “We know that the Greater Jackson, Mississippi region will welcome the Trinity programming,” Steve Roberts, president of Roberts Broadcasting said in a statement released by Media Venture Partners, who represented Roberts Broadcasting in the sale.

WRBJ was one of the four Roberts stations that filed for bankruptcy last year.

CBS Money Watch reports the sale is pending approval from a St. Louis bankruptcy judge.

[Broadcasting & Cable]