Long Island University is looking to sell WLIU, an NPR News and jazz station broadcasting from its campus in Southhampton, N.Y. The station “currently runs at a deficit that the university can no longer afford to subsidize,” said Robert Altholz, Long Island University’s vice president for finance and treasurer, in a news release. The Southhampton Press reports that LIU covers roughly 54 percent of the station’s $2.4 million budget. Under orders of the university’s trustees, all subsidies for the station are to end on October 3. Wally Smith, WLIU manager, learned about the university’s plan in April; efforts to find another public institution to take over the license and preserve the service have failed. Smith hopes to establish a new non-profit that can raise enough money to buy the WLIU’s broadcast licenses and equipment.