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MDC Partners, parent of Allison + Partners, Sloane & Co, KWT Global and Hunter PR, is exploring its strategic options.
The Wall Street Journal reports the decision follows client cutbacks, failure to win new business, pressures from a heavy debt load and the exit of CEO Scott Kauffmann earlier this month.
MDC reported a 2.8 percent second-quarter revenue decline to $380M and a plunge in net income to $1.1M from $8M. Organic growth dropped 1.7 percent.
Six-month revenue dropped 3.9 percent to $706.7M. Net loss widened to $30.1M from $1.7M.
In releasing the financials, Kauffmann had warned that 2018 "continues to be challenging."
MDC's stock price tumbled 60 percent over the past year, currently trading at $4.55 per-share.
The company is using investment firm LionTree to plot its future direction.
WPP shares have been dropped from the London Stock Exchange’s prestigious FTSE 100 index as its stock market price has plunged by two-thirds this year.
Public Policy Holding Company registered 23.8 percent Q3 growth to $48.8M, with organic growth contributing 4.5 percent and the balance driven by merger & acquisition activity.
Publicis Groupe reported 3.1 percent in Q3 growth to $4B, sparked by a 3.6 percent jump North America, its biggest market.
WPP suffered a 10.2 percent drop in 1H revenues to $6.7B and a 47.8 percent plunge in operating profit to $297M.
Interpublic reported Q2 net revenues dropped 6.6 percent to $2.2B and operating income tumbled 23.4 percent to $243.7M. 
