MDC Partners

MDC Partners, Inc. engages in the provision of marketing, advertising, activation, communications and strategic consulting solutions. It operates through the following business segments: Integrated Networks-Group A, Integrated Networks-Group B, Media & Data Network, and All Other. The Integrated Networks-Group A and Integrated Networks-Group B segments provide a range of services for its clients, primarily including strategy, creative and production for advertising campaigns across a variety of platforms, which includes print, digital, social media, television broadcast, as well as public relations and communications services, experiential, social media and influencer marketing. The Media & Data Network segment is comprised of a single operating segment that combines media buying and planning across a range of platforms with technology and data capabilities. The All Other segment provides a range of services including advertising, public relations and marketing communication services. The Corporate segment consists of corporate office expenses incurred in connection with the strategic resources. The company was founded on December 19, 1986 and is headquartered in New York, NY.

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Advertising and marketing company MDC Partners Inc (NASDAQ: MDCA) has announced a partnership with This is Flow, an Australia-based media agency. The partnership will unlock the team's deep media expertise and capabilities in Australia and surrounding areas while giving This is Flow access to MDC Partners' and The Stagwell Group's media planning technologies and tools.

MDC Partners With This Is Flow To Expand Global Footprint

SAN FRANCISCO--(BUSINESS WIRE)--Allison+Partners, a global marketing and communications agency now operating across 32 markets, has announced the launch of its Miami office, the thirteenth US office in the agency's expanding global network. With a focus on corporate communications, blockchain, cryptocurrencies and emerging technologies, David Baum, executive vice president of Corporate Communications & Technology, will lead the new office and scale its offerings. The Miami office augments A

Allison+Partners Launches Miami Office

This is Flow partnership strengthens MDC Partners' presence in Australia through data-driven media capabilities NEW YORK, June 17, 2021 /PRNewswire/ -- MDC Partners (NASDAQ: MDCA) announced today it has entered into a partnership with Australia-based media agency This is Flow, codifying the network's dedication to providing scaled, global media and content solutions for clients around the world.   MDC Partners' Global Affiliates Program – announced earlier this year – positions the Company to further scale the creative, performance, media and technology capabilities brands need to thrive in today's economy.

MDC Partners (MDCA) Continues to Scale Global Footprint, Announces Partnership with Australia-Based Media Agency This is Flow

Company to Delay Scheduled Special Meeting of Shareholders NEW YORK, June 16, 2021 /PRNewswire/ -- (NASDAQ: MDCA) – MDC Partners Inc. ("MDC" or the "Company") announced today that it intends to postpone or adjourn, without conducting any other business, the special meeting of shareholders scheduled to occur at 12:00 pm EDT on June 22, 2021 (the "Special Meeting"), to approve the proposed business combination (the "Transaction") involving MDC and Stagwell Media ("Stagwell"). The delay is intended to provide time for the MDC Special Committee, working with its independent financial and legal advisors, to evaluate the revised offer made by Stagwell on June 12, 2021, which proposed certain amendments to the transaction agreement entered into on December 21, 2020 (the "Transaction Agreement").

MDC Partners (MDCA) Special Committee Moves Forward to Evaluate Revised Offer from Stagwell

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Communications Systems

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NEW YORK, June 15, 2021 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies: Communications Systems, Inc. (NASDAQ: JCS)  concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its merger with Pineapple Energy, LLC. Upon closing, Communications Systems shareholders are expected to initially hold approximately 37% of the total shares of the combined company, which is expected to decrease over time.

INVESTIGATION ALERT: Halper Sadeh LLP Investigates JCS, MDCA, SNX, ORBC, CADE; Shareholders are Encouraged to Contact the Firm

NEW YORK, June 15, 2021 /PRNewswire/ -- MDC Partners agencies Veritas, Union, 6Degrees and Meat & Produce, in collaboration with The Stagwell Group's The Harris Poll, today released the results of its Canadian consumer confidence report following a year of COVID-19. Following Canada's loosening of COVID-19 restrictions starting June 11, the new research provides brands and retailers with key consumer insights to drive business strategies serving a changed consumer base.

MDC Partners (MDCA) and The Harris Poll Present The Covid Consumer Confidence Report, A Canadian vs. American Perspective

SAN FRANCISCO--(BUSINESS WIRE)--Indaba Capital Management L.P. (together with its affiliates, “Indaba” or “we”), which is the largest independent shareholder of MDC Partners Inc. (NASDAQ: MDCA) (“MDC” or the “Company”), today issued the below statement regarding the Company's prospective merger with Stagwell Media LP (“Stagwell”). After reviewing the revised offer issued by Stagwell on June 14, 2021, Indaba plans to VOTE AGAINST the combination. Derek Schrier, Managing Partner of Indaba, commen

Indaba Capital Issues Statement Regarding Stagwell's Inadequate Revised Offer

SAN FRANCISCO--(BUSINESS WIRE)--Allison+Partners has promoted David Richeson to managing director, strategic analytics + digital innovation.

Allison+Partners Elevates David Richeson to Managing Director, Strategic Analytics + Digital Innovation

NEW YORK, June 14, 2021 /PRNewswire/ -- (NASDAQ: MDCA) – MDC Partners Inc. ("MDC Partners" or the "Company") announced today that Mark Penn, Chairman and CEO, will participate in investor meetings at the 23rd Annual Credit Suisse Communications Conference. For inquiries related to Penn's appearance, please contact ir@mdc-partners.com.

MDC Partners (MDCA) to Participate in 23rd Annual Credit Suisse Communications Conference

NEW YORK, June 14, 2021 /PRNewswire/ -- (NASDAQ: MDCA) – MDC Partners Inc. ("MDC" or the "Company") announced today that it has received a revised offer from Stagwell Media LP ("Stagwell") for the business combination transaction between the Company and Stagwell (the "Transaction"). The MDC Special Committee is evaluating the revised Stagwell proposal which included a decrease in the share consideration that Stagwell would receive in the Transaction to 185 million common shares, a reduction of approximately 31 million common shares from the 216.25 million common shares agreed to in the transaction agreement entered into on December 21, 2020 (the "Transaction Agreement").

MDC Partners (MDCA) Special Committee Receives and Is Evaluating Revised Offer from Stagwell

WASHINGTON--(BUSINESS WIRE)--Stagwell Media LP (“Stagwell”) announced that it has provided the Special Committee of MDC Partners, Inc. (“MDC”) (Nasdaq: MDCA) with an improved final offer (the “Revised Offer”) to combine the high growth, digital businesses of Stagwell with MDC Partners. The Revised Offer provides that Stagwell would receive 185 million shares of MDC at the closing of the transaction, which is a reduction of 31 million shares from the original transaction that was recommended by

Stagwell Media LP Makes Firm, Improved Offer for Combining its Growing Digital Businesses With MDC Partners (MDCA), After Feedback From Shareholders

72andSunny, GALE Partners and YML honored for driving innovation and combining creativity with the latest data, analytics and digital tools NEW YORK, June 11, 2021 /PRNewswire/ -- Three MDC Partners (NASDAQ: MDCA) agencies were recognized in the prestigious annual Ad Age A-List & Creativity Awards for customer-centric, digitally-driven campaigns that marry creativity and the latest digital tools. This recognition places 72andSunny, GALE Partners and YML among industry leaders representing the future of marketing: creative, connected, effective and grounded in deep technological expertise.

Three MDC Partners (MDCA) Agencies Recognized in Ad Age's Prestigious A-List and Creativity Awards

SAN FRANCISCO--(BUSINESS WIRE)--Indaba Capital Management L.P. (together with its affiliates, “Indaba” or “we”), which is the largest independent shareholder of MDC Partners Inc. (NASDAQ: MDCA) (“MDC” or the “Company”), today issued the below open letter to Chairman and Chief Executive Officer Mark Penn regarding the Company's prospective merger with Stagwell Media LP (“Stagwell”). In addition, Indaba has issued a presentation outlining why it opposes the merger on its current terms and plans t

Indaba Capital Issues Letter to Mark Penn, Managing Partner of Stagwell and Chairman and CEO of MDC

WASHINGTON--(BUSINESS WIRE)--Stagwell Media LP ("Stagwell") today released comments by Mark Penn, the CEO and Chairman of MDC Partners Inc. (“MDC”) (NASDAQ: MDCA) and the Managing Partner of Stagwell, urging shareholders to approve the Stagwell-MDC combination. The comments were posted to BusinessWire and on LinkedIn. In his comments, Mr. Penn notes “now is the time for shareholders to come together to approve this value-creating and much-needed combination.” The full text of his comments are a

Stagwell Announces Intended MDCA Board of Directors Nominees, Shareholder Offer

Company Also Enhances Minority Shareholder Protections NEW YORK, June 7, 2021 /PRNewswire/ -- (NASDAQ: MDCA) – MDC Partners Inc. ("MDC Partners" or the "Company") announced today that it has received notice from Stagwell Media LP ("Stagwell") providing its intended designees to the Board of Directors upon the closing of the combination transaction between MDC and Stagwell (the "Transaction"). It also announced that it has entered into an amendment to its transaction agreement (the "Transaction Agreement") with Stagwell which provides increased protection to MDC minority shareholders, including a requirement that the Board of Directors of the combined company be majority independent.

MDC Partners (MDCA) Announces Stagwell Media's Intended Designees to Board of Directors Including Two New Independent Directors

NEW YORK, June 2, 2021 /PRNewswire/ --  The Special Committee of Independent Directors of MDC Partners Inc. (NASDAQ: MDCA)  ("MDC Partners" or the "Company") today released the below letter in response to Indaba Capital Management, L.P. ("Indaba") and the letter it sent on May 26, 2021 regarding the proposed business combination (the "Proposed Transaction") involving MDC Partners and Stagwell Media ("Stagwell").

MDC Partners Special Committee Releases Letter In Response To Indaba Capital Management, L.P.

WASHINGTON--(BUSINESS WIRE)--Stagwell Media LP ("Stagwell") today released comments by Mark Penn, the CEO and Chairman of MDC Partners Inc. (“MDC”) (NASDAQ: MDCA) and the Managing Partner of Stagwell, highlighting the merits of the pending MDC and Stagwell combination. The comments were posted to BusinessWire and on LinkedIn. In his comments, Mr. Penn notes that, “The market has spoken: Stagwell and MDC Partners are better together” and that the “the combined entity has the prospect of strong g

Mark Penn Comments On the Pending Stagwell and MDCA Combination

NEW YORK, May 26, 2021 /PRNewswire/ -- The Special Committee of Independent Directors of MDC Partners Inc. (NASDAQ: MDCA) ("MDC Partners" or the "Company") responded today to press reports indicating that Indaba Capital Management, L.P. ("Indaba") will vote against the proposed business combination (the "Combination") involving MDC Partners and Stagwell Media ("Stagwell") with the following statement: "The MDC Special Committee, MDC executives and Stagwell executives have met with Indaba on multiple occasions over the past several months to highlight the many strategic benefits of the Combination and the exceptional opportunity for value creation the Combination provides to MDC shareholders.

MDC Partners Special Committee Responds To Indaba Capital Management, L.P.

SAN FRANCISCO--(BUSINESS WIRE)--Allison+Partners announced today that health communications veteran Michelle Webb has joined the firm as managing director and North American health practice lead. Webb brings nearly 20 years of experience across a broad range of health companies, including Fortune 100s, startups, trade associations, and nonprofits. Michelle will be responsible for evolving the agency's health practice to create a more robust, cohesive and scalable offering. She'll report to Cath

Michelle Webb Joins Allison+Partners as Managing Director, North America Health Practice Lead

Global Chief Growth Officer of McCann WorldGroup Joins Growing F&B Network as it Doubles Down on Global Ambitions NEW YORK, May 24, 2021 /PRNewswire/ -- (NASDAQ:MDCA) Forsman & Bodenfors announced today that it has hired McCann Worldgroup's Chief Growth Officer Toby Southgate as Global CEO to work in partnership with Global Executive Chairman and Copywriter Anna Qvennerstedt to lead the world-class creative collective. "Over the years, Forsman & Bodenfors has shown that world-class creativity thrives in a highly collaborative environment," said Qvennerstedt.

MDC Partners (MDCA) Agency Forsman & Bodenfors Hires Toby Southgate as Global CEO

NEW YORK, May 21, 2021 /PRNewswire/ -- (NASDAQ: MDCA) – MDC Partners Inc. ("MDC Partners" or the "Company") announced today that Mark Penn, Chairman and CEO, will participate in a fireside chat at the 49th Annual J.P. Morgan Technology, Media & Communications Conference on Wednesday, May 26, 2021 from 4:25-5:00 PM ET.

MDC Partners (MDCA) to Participate in 49th Annual J.P. Morgan Technology, Media, and Communications Conference

NEW YORK, May 14, 2021 /PRNewswire/ -- (NASDAQ: MDCA) – MDC Partners Inc. ("MDC Partners" or the "Company") announced today that Mark Penn, Chairman and CEO, and Frank Lanuto, Chief Financial Officer, will present at two upcoming investor conferences: The 16th Annual Needham Virtual Technology & Media Conference on Tuesday, May 18 from 11-11:40 a.m. ET The 2021 Sidoti Virtual Microcap Conference on May 19, 2021 from 10:45-11:15 a.m.

MDC Partners (MDCA) to Participate in Upcoming Investor Conferences Hosted by Needham and Sidoti

NEW YORK, May 10, 2021 /PRNewswire/ -- (NASDAQ: MDCA) -- MDC Partners Inc. ("MDC Partners" or the "Company") announced today that its Special Meeting of Shareholders will be held on Tuesday, June 22, 2021 at 12:00 p.m. ET. Due to the continuing public health impact of the COVID-19 pandemic and to support the health and well-being of our employees and shareholders, the meeting will be held virtually.

MDC Partners Inc. Sets June 22, 2021 for Special Meeting of Shareholders

MDC Partners Inc. (MDCA) CEO Mark Penn on Q1 2021 Results - Earnings Call Transcript

MDC Reports Highest Net Income in Nearly Three Years and Highest First Quarter Adjusted EBITDA in Company History FIRST QUARTER HIGHLIGHTS: GAAP revenue of $307.6 million in the first quarter versus $327.7 million in the prior year period, a decline of 6.2%. Organic revenue declined 6.9% in the first quarter, continuing to narrow the year-over-year revenue decline amidst the pandemic recovery.

News for MDC Partners Stock (MDCA)