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

One day after confirming a $100 million investment from incoming CEO 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. Penn, who will assume the CEO role, also expressed confidence in the company's "flagship" properties like 72andSunny, CPB and...