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Source: globenewswire.com
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Second City and lack of a Chicago comedy savior
A private equity firm is swooping into Chicago and buying Second City, the legendary comedy theater now at a low point. How did we allow this to happen?
Source: chicagotribune.com
Second City purchase by private equity firm is finalized
The New York-based private equity firm ZMC buys the famed Chicago comedy theater for an undisclosed price.
Source: chicagotribune.com
Chris Jones: On Second City, private equity and the sad lack of a Chicago comedy savior
CHICAGO A bizarre consequence of the pandemic is that private equity is flush with money. The Second City is an attractive legacy brand. Social media activists without a clear fiscal
Source: gazettextra.com
Second City comedy club and school acquired by New York private equity firm
Pat Nabong/Sun-Times file It’s no joke: Chicago’s Second City has been sold for only the second time in its 62-year history. ZMC, a New York firm run by private equity investor Strauss Zelnick, said Thursday it has acquired the iconic comedy club and school, which has expanded into programs for corporations. Terms were not disclosed. The Financial Times has cited sources saying the deal could be worth $50 million. “We are very excited to partner with management and the incredible talent at The Second City to grow the brand and build a diverse organization that elevates all voices,” sa...
Source: suntimes.com