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NEW YORK MDC Partners said consolidated revenue for the three months ended March 31 dropped 10 percent to $126.7 million, after what CEO Miles Nadal described as a “very difficult” first quarter.
Net income attributable to MDC was $29,000 compared to a loss of $3.4 million in the year-earlier period.
MDC also disclosed it made just over $2 million in earn-out payments in the first quarter and, based on current performance at the agencies involved, will pay out a total of $3.3
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