Chicago Tribune Takeover Sought by Relative of Former Publisher

An investor group led by a distant relative of the former Chicago Tribune publisher is raising money in a bid to potentially buy the 171-year-old newspaper from Tronc Inc.

Sargent M. McCormick says he and other investors have formed a new venture fund and are trying to raise money from civic groups and large businesses in Chicago and across Illinois, including Boeing Co. and Caterpillar Inc.

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