So far so good it seems for MDC Partners, which has parted with founder and CEO Miles Nadal who’s being investigated by the Us SEC for various alleged misdemeanours. Nadal has agreed to pay back the company a further $12.7m ...
Read More »Why MDC Partners is the most interesting – and riskiest – game in town
MDC Partners, now without founder and CEO Miles Nadal as he battles US government charges over his expenses, reports its half yearly numbers on August 6. Some analysts say the company will be better off without Nadal – it will ...
Read More »Founder and CEO Miles Nadal out at MDC
MDC Partners’ controversial founder and CEO Miles Nadal is leaving the company as he battles an SEC investigation into his expenses. He will be replaced by long-serving director Scott Kauffman. MDC, which owns Anomaly, Crispin Porter, 72andSunny and Albion among ...
Read More »What the Nadal expenses row says about agency pay
Here’s an excerpt from an announcement from a US law firm – based on Madison Avenue as it happens – inviting shareholders in Miles Nadal’s MDC Partners to join a class action following the revelation of expenses irregularities. It’s not ...
Read More »MDC boss Nadal sails into stormy waters of SEC investigation and increasing Q1 loss
Oh dear, just when you thought it was safe too venture into the water at MDC Partners this happens. The perennially loss-making agency group – which owns all or part of Anomaly, Crispin Porter, KBS and 72andSunny among others – ...
Read More »Lori Senecal wins top job at MDC Partners – can she keep all the other MDC agency bosses in line?
MDC Partners is perhaps the most interesting holding company around: Miles Nadal’s construct includes some top creative names – Anomaly, Crispin Porter and 72andSunny among them – but has so far adamantly declined to make a profit. Not that this ...
Read More »CEO Nadal sells down MDC Partners stake – which may attract attention from the odd lurking predator
Advertising is a high wire act (as Wieden+Kennedy in Portland is currently re-discovering) and there’s no more spectacular trapeze artist than Miles Nadal, CEO and, until the other day, the biggest shareholder in MDC Partners which owns some or all ...
Read More »Miles Nadal’s MDC Partners keeps growing although ‘ordinary’ profits remain over the horizon
MDC Partners, which describes itself as a ‘business transformation company’ these days, continues its high-wire act. Reading the small print of its accounts presentation for 2013 you can see that losses increased to $148.9m from $85.4m in 2012, blamed on ...
Read More »Telefonica media, Sorrell at Davos, CP+B heads south and Arnie makes a comeback at the Super Bowl
I see that Telefonica is reviewing its gigantic media account, worth £200m we read. Telefonica, a Spanish-owned mobile company, has had its trials in recent years but owns some good brands, including 02 in the UK. Media is currently with ...
Read More »