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MDC Partners, which owns agencies including 72andSunny and Doner, saw its organic revenue drop 16.4% in the third quarter of this year. According to the company, organic revenue declined primarily due to reduced spending by clients in response to Covid-19.
Revenue fell to $283.4 million, down from $342.9 million during the same period last year.
All of advertising’s major holding companies posted organic revenue declines for the third quarter as they continue to grapple with the business impact of Covid-19, although MDC Partners’ is steeper than some of its competitors.
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