Second City, the legendary Chicago improv theater, is up for sale: reports

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The legendary Chicago comedy school and theater Second City is on the block for only the second time since its founding 61 years ago. The Los Angeles investment bank Houlihan Lokey will advise on the sale, according to Crain’s Chicago Business. All in-person shows and classes have been suspended since March, the Chicago Sun-Times notes. The school has about 25,000 currently enrolled students, Crain’s reports, including at branches in Toronto and Los Angeles. Noteworthy alumni range from Elaine May and Mike Nichols to Alan Arkin and Joan Rivers to John Belushi, Gilda Radner, Joe Flaherty, John Candy, Catherine O’Hara, Eugene Levy and other stars of the groundbreaking sketch comedy television shows “Saturday Night Live” and “SCTV.” Stephen Colbert, Amy Sedaris and Steve Carell shared the main stage in Chicago’s Old Town in the 1990s.
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