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Embattled MDC Partners, which is searching for a strategic partner and CEO, lost $18.2M during the third-quarter on flat revenues of $375M. It posted a $14.1M profit for the year ago period.
Organic Q3 revenue growth clocked in at 1.5 percent.
CFO David Doft sees better days ahead due to an expected $29M in cost-savings next year due to real estate consolidation and reduced headcount.
For the nine-month period, MDC posted a $48.3M loss compared to a $13M income in 2018. Revenues slipped 1.8 percent to $1.08B.
MDC’s stock is trading at $2.43. Shares ranged from to $2.28 to $11.90 during the past 52 weeks.
MDC owns KWT Global, Sloane & Co., Hunter PR and Luntz Global.
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. 
