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MDC Partners Reports 2.5% Annual Revenue Drop But Still Claims Best New Business Quarter in Two Years

New CEO Mark Penn voices confidence in 'flagship' agencies

the new york skyline with the mdc partners logo in the foreground
Mark Penn became CEO of MDC Partners in March.MDC Partners/Adweek
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By Patrick Coffee

March 15, 2019

One day after confirming a $100 million investment from Mark Penn’s Stagwell Group, agency holding company MDC Partners reported net new business gains in today’s earnings call despite a challenging year and fourth quarter.

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Patrick Coffee

Patrick Coffee is a senior editor for Adweek.

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