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»anomaly

MDC-Stagwell Merger Could Be A Canary In The Coalmine For Agency Consolidation

  The holding company MDC Partners was already struggling before COVID-19 decimated the US economy. But a proposed merger by Stagwell Group, first reported by AdAge late Thursday, demonstrates how the pandemic likely accelerated the end of MDC’s run as an independent public company. MDC Partners and Stagwell Group did not respond to requests for... Continue reading »
by Alison Weissbrot // June 26th, 2020 //
»
Mark Penn Named CEO Of MDC Partners

Embattled holding company MDC Partners has a new owner. The Stagwell Group, a new-model agency holding company helmed by former Microsoft chief strategy officer and political advisor Mark Penn, said Friday it will invest $100 million to take a 30% minority stake in MDC Partners. Penn will become CEO and sit on MDC’s board. The... Continue reading »
by Alison Weissbrot // March 15th, 2019 //
»
 

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