Updating investors on MDC’s position chief finnacial officer David Doft said: “I want you to know that we are working diligently to improve our company’s performance, particularly in cost reductions and renewed investment in new business acquisitions.

Updating investors on MDC’s position chief finnacial officer David Doft said: “I want you to know that we are working diligently to improve our company’s performance, particularly in cost reductions and renewed investment in new business acquisitions.

Painting a picture of steady progress Doft announced that MDC had secured $49m worth of new business wins , more than offsetting $36m of losses.

Last year MDC Partners sold a 15% stake in the business to Goldman Sachs for $95m.

https://www.thedrum.com/news/2018/10/30/mdc-partners-continue-slash-costs-amidst-leadership-succession