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MDC Partners Begins The Mark Penn Era

It’s official: Mark Penn is MDC Partners new CEO, a role Penn agreed to take on as his own burgeoning holding company Stagwell Group struck a deal to invest $100 million in the MDC network. As CEO, Penn will lead all day-to-day operations as well as join the MDC Board […]

March 19, 2019

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MDC names new CEO amid slipping revenues

MDC Partners has received a $100 million dollar investment from Stagwell Group as it names Mark Penn as its new CEO and releases its full year and Q4 results for 2018. Stagwell is purchasing $50 million in MDC Partners common shares and $50 million non-voting convertible preference shares.

March 19, 2019

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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 […]

March 19, 2019

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Mark Penn’s Stagwell Group rides to the rescue of MDC

Mark Penn’s Stagwell Group has thrown a new lifeline to agency holding company MDC Partners, investing up to $100m for a 30 per cent stake. Penn (below), a former senior Microsoft exec and one-time head of Burson-Marsteller will become CEO of MDC and join the board. Former CEO Scott Kauffman, […]

March 19, 2019

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Stagwell to invest $100 mln in MDC

The Stagwell Group has agreed to invest $100 million in MDC Partners, a marketing and communications network. As a result of this transaction, Mark Penn, founder of Stagwell, will become CEO of MDC and a member of its board of directors. Penn’s background includes senior executive positions at Microsoft as […]

March 19, 2019

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Stagwell Group Reportedly Agrees to $100 Million Investment in MDC Partners

Mark Penn to take over as CEO, according to multiple outlets Stagwell Group, the self-described holding company alternative founded by former Microsoft executive Mark Penn in 2015, has reportedly agreed to make a $100 million investment in MDC Partners. Penn will take over as CEO of the struggling holding company […]

March 19, 2019

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PR Week: Evolving the Agency Model

The digital revolution has left major brands unsatisfied, unsure if they’re getting the most out of their marketing dollars. It has opened the door for smaller entities that are unencumbered by legacy business structures and are empowered by disruptive technologies, firms that can create groundbreaking work and compete with established […]

February 25, 2016

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