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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 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.
