Absolutely. However, as I wrote here when this sale was first being discussed, universities are no longer interested in things like providing cultural and educational resources for the community at large. In the old days, an educator was an educator 24/7. Now he's an educator when he's on the clock.
Just where do you derive such ideas? As a graduate of an institution known as an "education school", I have MANY friends in the academic world, both as administrators and faculty. Universities are no less interested in "things like providing cultural and educational resources for the community at large" now than they ever were. In fact, in the ever more competitive business of education, they're MORE interested in community outreach than ever before. The number of programs that encourage partnering with high schools and community groups to extend credit-bearing courses to their members is greater now than ever before.
The reason that WBFO was sold is simple. It cost the university precious dollars. WBFO wasn't even close to self-supporting, let alone a profit center. The reasons have to do with policies established by the State Education Department, the university, and station management. I've been told by potential underwriters that their corporate funding department was at least inflexible, if not downright inept.
If you don't feel that you're getting your money's worth from educators these days, you might want to look into staffing levels. There are fewer full time faculty now at most institutions than there were 10 years ago. Institutions trying to stretch dollars rely more and more heavily on adjunct faculty who simply don't have the same level of experience or program continuity to offer the same quality of education. Full-time faculty have the added burden of having education management duties thrust on them because the number of administrators has also been reduced. All of this is happening while enrollments continue to increase, and a greater number of programs are offered than ever before.
It not a lack of interest. It's a lack of money. Universities are making hard choices in these days of hiring freezes and funding cuts. Radio stations that operate like it's the 1970s are simply becoming a target at budget time.