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.

To close the deal, Nexstar will need approval from the Federal Communications Commission, which could cement its position as the biggest provider of local TV in the U.S.

Nexstar Media will acquire rival broadcast company Tegna for $6.2 billion according to a joint announcement on Tuesday, another sign of consolidation in an already contracting TV broadcast sector.