Nation & World News

Paula Deen Cooks Up $75 Million Deal With Investor

By Mark Memmott on February 13th, 2014

The answer to the question “can Paula Deen recover?” from the uproar over her past use of the “N-word” is apparently yes.

“A recently formed new company, Paula Deen Ventures, said it has received an investment of between $75 million and $100 million from Najafi Cos., a private-equity company led by Jahm Najafi, who owns BMG Music Service and the Book-of-the-Month Club,” The Wall Street Journal writes.

The Atlanta Journal-Constitution reminds readers that:

“Deen’s celebrity status took a hit last year after she acknowledged in a deposition that she had used racial slurs in the past. The admission, revealed during a lawsuit filed by a former employee, led to Deen’s Food Network show being canceled and the loss of dozens of product endorsements, including Smithfield Foods.

“Deen, whose supporters were just as vocal as her critics, has apologized repeatedly, calling the language ‘totally, totally unacceptable.’ ”

The discrimination suit that led to the revelation about the N-word was eventually dropped.

E!Online writes that “Steven Nanula, chief executive of Paula Deen Ventures, revealed the company is in talks with TV networks, retail chains and other possible partners. The Food Network, which fired Deen in June 2013, is not being considered. Paula Deen Ventures declined to name which companies it has contacted.”

Copyright 2014 NPR. To see more, visit

This entry was posted in News from NPR. Bookmark the permalink.

Comments are closed.


More Stories in News from NPR

Mars's massive Mount Sharp may have formed billions of years ago as water carried sand and silt into the center of a large crater.

NASA Rover Finds Evidence That Mars Once Had Lakes

A new study suggests the Red Planet had some blue on it about 3.5 billion years ago.

Chef Paul Prudhomme posed in the kitchen of a convention center in Jerusalem in 1996. He and 12 other chefs prepared a 12-course kosher feast as part of Jerusalem 3,000 celebrations.

Louisiana Chef Paul Prudhomme, Who Popularized Cajun And Creole Food, Dies

The internationally renowned chef sparked a cooking craze and inspired other New Orleans restaurateurs. He was 75.

A child is screened for leaked radiation from the Fukushima Dai-ichi nuclear plant in Japan's Fukushima prefecture on March 24, 2011.

Fukushima Study Links Children’s Cancer To Nuclear Accident

The study says rates of thyroid cancer are high for children who lived near the tsunami-crippled nuclear plant in Japan. But other scientists are skeptical of the findings.

French President Francois Hollande shakes hands with U.S. Airman 1st Class Spencer Stone on Aug. 24 after Stone and two friends were awarded the French Legion of Honor for subduing a gunman on a Paris-bound train.

Hero In French Train Attack, Spencer Stone, Stabbed In California

Stone, one of three Americans who helped stop a terrorist attack on a Paris-bound train in August, is said to be in stable condition following the incident in Sacramento.

This 2011 photo provided by the Oklahoma Department of Corrections shows Charles Warner. Warner was executed Thursday for the 1997 killing of his roommate's 11-month-old daughter.

Oklahoma Used The Wrong Drug To Execute Charles Warner

This is the second botched execution in a row for the state. Clayton Lockett died of a heart attack last year after a phlebotomist misplaced an IV line.

Thank you for your support

WUFT depends on the support of our community — people like you — to help us continue to provide quality programming to North Central Florida.
Become a Sustainer
I want to support FM 89.1/NPR
I want to support Florida's 5/PBS
Donate a Vehicle
Underwriting Payments