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MDC Partners, the company that owns agencies including 72andSunny, Anomaly and Media Kitchen, reported its fourth quarter earnings today, sharing that its organic revenue dropped 13.7%.
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Its drop is in line with other holding companies, all of which faced back-to-back organic revenue hits in 2020. In a statement, the company said organic revenue “declined primarily due to reduced spending by clients in connection with Covid-19.”
Still, Mark Penn, chairman and CEO of MDC Partners, spent much of the earnings call focusing on bright spots.
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