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.

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 had previously acquired the two Hartford-based television stations from Tribune Broadcasting in 2019, but then sold the two media outlets to Tegna as part of a divestiture that allowed that deal to move forward and make it compliant with local and national television ownership rules.