Nexstar to buy Tribune Media, becoming the largest US TV station operator

Patrick T. Fallon | Bloomberg | Getty Images

A live broadcast truck for KTLA Channel 5 TV, owned by Tribune Co, is seen in Los Angeles, California, July 23, 2013. 

Nexstar Media said on Monday it agreed to buy Tribune Media in a deal valued at $6.4 billion.

Nexstar said it would pay $46.50 per share, representing a premium of 15.5 percent to Tribune Media’s closing price on Friday.

The price per share value of the deal was in line with what Reuters reported on Sunday, citing people familiar with the matter.