By Phil Rosenthal | John Canning, founder and chairman of the Chicago private-equity group Madison Dearborn Partners, is set to be announced Friday as the new board chairman of the nonprofit Chicago News Cooperative.

Since November, CNC has provided two pages of Chicago content twice weekly for localized editions of The New York Times, as well as content for public broadcaster WTTW-Ch. 11 and its own nascent chicagonewscoop.org Web site.

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