01/03/2009 05:12 am ET | Updated May 25, 2011

Time Out Chicago May Be Sold

A key Time Out Chicago investor wants to sell his part of a 50% holding in the weekly entertainment magazine.

The sale stems from a broader transaction involving Time Out New York.

Billionaire businessman William Louis-Dreyfus is part of a group of investors who own half of Time Out Chicago. He also owns one-third of Time Out New York, with the other shares held by the Clark family of Singer Sewing Co. fame and Tony Elliott, the founder of the Time Out brand, who has a piece of the Chicago publication.

Read more on Crain's Chicago Business