Akron -- The University of Akron says a budget deficit is forcing it out of the concert promotion business, jeopardizing a popular performing arts series.

At stake are programs such as the Broadway in Akron series at the school's E.J. Thomas Performing Arts Hall.

Lawrence Burns, the university's Vice President for Advancement, tells the Akron Beacon Journal for a story July 27 the nearly 3,000 seat venue isn't closing but its role in the local arts community is changing.

Burns says the hall will still be open to academic programs and available to rent.

The hall attracts more than 400,000 people a year to events including rock and classical music concerts and lectures.

The university announced $40 million in cuts earlier this year to deal with financial troubles.

-- Associated Press