See Stephen Kercher's book "Rebel With A Cause: Liberal Satire in Postwar America", University of Chicago Press, 2006. See also a review of this book by Warren Leming at http://www.logosjournal.com/issue_6.3/leming.htm.
The 50th anniversary of the founding of The Compass Players was celebrated in 2005 by a re-enactment of a Compass-esque show by a group of students at the University of Chicago; see http://chronicle.uchicago.edu/050818/compass.shtml