The once-mighty, now-struggling comedy improv institution is giving up the leases to both its theater and its training center on Manhattan’s West Side. Nothing about the company’s Los Angeles location was said in the announcement, which stressed that “UCB is not leaving New York City. The school and the theater will continue on in a pared-down form, which will be very similar to how we operated when we first started in NYC over 20 years ago.” – Vulture