NEW YORK: MDC Partners reported $236 million in first quarter 2012 revenue on Thursday, representing 5.4% organic growth compared with the prior year.

However, the holding company also saw an operating loss of $11.7 million and a net loss of nearly $25 million in Q1.

MDC's Strategic Marketing Services unit, which contains its PR firms, earned $160.4 million in revenue in the three months ending March 31, as well as $488,000 in operating income. The group's organic revenue was up ...