London Live, Notts TV and a slew of other local TV channels came about as part of a scheme introduced by the Conservative-Lib Dem coalition government back in 2011 under then-Culture Secretary Jeremy Hunt.
"This has provided NTU with an opportunity to consider if Notts TV delivers sufficient benefit to its students at a time when all organisations in and around the public sector are operating with constrained budgets," the NTU said.
At the time the company said it was proposing to "close small linear channels that no longer deliver revenues or public value at scale, including the Box channels in 2024 and others at the right time".
Notts TV can only be received by Virgin Media and Freeview viewers in and around Nottingham on channels 159 and 7 respectively.
Notts TV is a much-loved local channel serving Nottinghamshire, as well as other parts of the East Midlands including Leicester and East Derbyshire.