At a recent FCC auction, the broadcast frequency for WGBY in Springfield sold for $57 million.
The station will move to a different channel. The license for the current frequency is owned by WGBH in Boston, and the money will go into its endowment, with annual disbursements to WGBY.
"We will probably increase local content, education services -- things that we've been doing for a long time, but things that we haven't been able to enhance and grow because of financial reasons," said Lynn Page, the station's acting general manager.