Three TV stations owned by Roberts Broadcasting Co., which filed for bankruptcy in 2011, are being sold as part of a settlement reached Wednesday. Ion Media Networks is paying $7.75 million for WRBU St. Louis; WZRB Columbia, S.C.; and WAZE Evansville, Ind.
The four TV stations owned by brothers Michael (l) and Steven Roberts have filed for Chapter 11 bankruptcy. They are: WRBU St. Louis; WRZB Columbia, S.C.; WRBJ Jackson, Miss.; and WAZE Evansville, Ind. In addition to the television stations, the Roberts brothers’ portfolio includes 11 hotels, a radio station and substantial residential and commercial real estate holdings.