I have to think that broadcasting majors would be way down at most schools, and that would be how people at the top would gauge interest. I also know firsthand that colleges and universities are operated a lot more like publicly traded corporations than they were even 10 years ago. States have steadily cut their funding for public universities for decades. If you’re not taking in enough tuition and fees from students enrolled in your program, you’re likely to get cut, at least in some areas.
Even 30+ years ago, my father was adamant that he would not send me to college to study broadcasting. He said you didn’t need an education for it, let alone a $3,000/year (not including room and board) education. I majored in communications with a focus on disorders until I switched to computer science. For me, it came down to me not being good enough or interested enough in the science behind communications to be able to get into such a program in graduate school, which was required to have any career in a related field. Plus, getting on the campus station wasn’t going to happen, especially with me struggling in anatomy of the speech and hearing mechanism!
I ended up with an offer from the classic rock station in town but had already made the decision to leave and go somewhere else. If the offer had come a few weeks earlier, I probably would’ve taken it. That station, however, didn’t last much longer after I left, and I likely would’ve been out with most of the rest of the staff.