Roberts Broadcasting, the bankrupt owner of four television stations, is considering the sale of the stations to repay creditors.

St. Louis-based Roberts Broadcasting, led by brothers Michael and Steven Roberts, filed for Chapter 11 bankruptcy in St. Louis on Oct. 7. A valuation of each of Roberts Broadcastings' stations, including their FCC licenses, is in progress, according to court filings.

A. Thomas DeWoskin, an attorney representing Roberts Broadcasting in the bankruptcy, said the company is considering selling one or more of the TV stations.

Roberts Broadcasting will seek to sell the out-of-town stations first, he said, before seeking to sell the St. Louis station.

"We discovered a month or two ago that the stations would be worth much more than we had anticipated," DeWoskin said. "It's not inconceivable that selling one or two would take care of all of the creditors' claims."

The four TV stations are WRBU-Channel 46 in St. Louis, WZRB in Columbia, S.C.; WRBJ in Jackson, Miss.; and WAZE in Evansville, Ind.

Roberts Broadcastings' assets total $639,623 and its liabilities total $3.19 million, according to an amended summary of the company's operations filed with the bankruptcy court this month.

Roberts Broadcasting's income was $2.6 million for the period from Jan. 1, 2011, through Oct. 7, compared to $1.9 million during the entire year of 2010, according to its bankruptcy filing.

But the broadcasting company faced multiple lawsuits in recent years for failure to pay syndication fees for programs it aired on its stations.

But the broadcasting company faced multiple lawsuits in recent years for failure to pay syndication fees for programs it aired on its stations.

Warner Bros. holds a $635,369 claim against the company from a judgment related to programming fees, King World Productions holds a $565,846 claim and CBS Studios holds a $302,538 claim.

Michael and Steven Roberts, who are brothers, also own real estate and hotel businesses that are not included in the bankruptcy.

The holdings include the Roberts Orpheum Theater and the Roberts Mayfair hotel, both in downtown St. Louis, and hotels in other states.