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MDC Partners has reported less-than-stellar fourth-quarter earnings, capping off a tumultuous year for the holding company.
Organic revenue for the fourth quarter of 2019 decreased by 1.5%. For the full year, organic revenue was down 3.1%, in line with expectations of a 3-5% downturn. The company expects organic revenue to grow by 2-4% in 2020.
While overall organic revenue was down for the fourth quarter, the company said its “specialty communications segment,” which includes public relations firms KWT Global and Allison+Partners, experienced 15% organic growth.
The earnings come amid CEO and chairman