In a major deal bringing together to big players in the local TV station biz, Nexstar Media Group said it reached a deal to buy Tegna in a transaction valued at $6.2 billion The purchase price is inclusive of Tegna’s net debt and estimated transaction fees and expenses.

Nexstar Media Group is buying broadcast rival Tegna for $6.2 billion, bringing together two major players in U.S. television and the country’s local news landscape.