The purchases of WRBU St. Louis; WZRB Columbia, S.C.; and KTRV Boise, Idaho, expand the group’s portfolio to 63 stations in 58 markets, including all of the top 20 and 24 of the top 25. Terms weren’t disclosed.
Brian Brady’s Cedar Creek Broadcasting is buying the St. Louis and Columbia, S.C., stations that had fallen into bankruptcy under Roberts Broadcasting.
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.