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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 CEO Cindy Rose has retained Goldman Sachs to explore strategic options regarding its Burson PR flagship, according to a report in the London Times.
Mike Sitrick has bought his firm Sitrick And Company back from RGP, the Dallas-based management consulting firm. He sold the strategic communications powerhouse for $43.4M in Oct. 2009.
Omnicom CEO John Wren enjoyed a 222 percent jump in 2025 compensation to $69.9M as the firm completed the acquisition of Interpublic.
Public Policy Holding Company recorded 24.7 percent growth in 2025 revenues to $186.5M and a 32.1 percent surge in adjusted net income to $36.6M.
S&P Global has reaffirmed its negative “BBB” rating on WPP due to ongoing challenges that it will face during the next 12 months.
