TVNewser AgencySpy TVSpy LostRemote FishbowlNY FishbowlDC SocialTimes AllFacebook 10,000 Words GalleyCat UnBeige MediaJobsDaily

MDC Partners Has Lots of Business News

Three pieces of news today from MDC Partners, parent company to Allison & Partners, Attention, and a number of other PR, advertising, and marketing firms.

First, the company announced that it has increased its revenue guidance for FY 2012 by $50 million. That brings the figure to the $105 billion to $1.075 billion range. EBITDA guidance is also going up by $8 million and free cash flow guidance is going up by $7 million.

“From a balance sheet perspective, we ended the first quarter with approximately $5-10 million of excess cash, zero net borrowings under our $150 million credit facility and total net debt below $340 million,” CFO David Doft said in a statement.

And MDC has made two agency purchases. MDC has taken a minority stake in Doner, a 75-year-old Michigan-based independent ad agency. And it has taken a majority stake in TargetCast, an independent media agency based in New York. The firm has $600 million in billings.

MDC has made a number of investments so far this year, despite saying previously that it wouldn’t.

Mediabistro Course

Presentation Writing: Design and Delivery

Presentation Writing: Design and DeliveryLearn how to use storytelling techniques and visual content to create and deliver successful pitches and presentations! Starting August 6, Amanda Pacitti, the manager of learning at Time Inc., will teach you the best practices for presentations, from using software like Prezi and Powerpoint, to writing your script, and using images, audio, and video to drive your points. Register now!