Daily January 6

For the last six years, Jason Reid, who handles the annual investment warchest at Stagwell Group, the new-ish agency holding company, has been responsible for finding suitable candidates for purchase, then negotiating and closing the deals. In that time, observers say Reid has carved out an identity for Stagwell that’s distinct from legacy competitors like WPP — and newcomers like S4 Capital. This is the fourth story in a Digiday series that will look at the people and companies at the center of media’s defining storylines. Read more below.