MDC Partners Delays ’04 Figures

MDC Partners said it would delay the release of its fourth-quarter and full-year results. MDC is the second holding company to take such action in recent weeks, following Interpublic Group’s inability to set a date for reporting its 2004 results. Toronto-based MDC—parent to ad agencies such as Cliff Freeman & Partners, Crispin Porter + Bogusky and Kirshenbaum Bond + Partners—said it expects to release its earnings and file its Form 10-K with the SEC no later than April 15. MDC in a statement attributed the delay “to the additional time required for the company to provide its independent auditors with incremental documentation necessary to complete the 2004 audit.”