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 http://www.npr.org/.

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

Comments are closed.

 

More Stories in News from NPR

NATO Secretary General Anders Fogh Rasmussen on Monday.

NATO To Create New ‘Spearhead’ Force For Eastern Europe

NATO leaders are expected this week to set up a rapid-response force to defend against potential Russian aggression.


Kenneth Bae, an American tour guide and missionary serving a 15-year sentence in North Korea, speaks to The Associated Press on Monday. Bae and two other detained Americans urged the U.S. to send a high-level emissary to secure their release.

3 Americans Detained In North Korea Urge U.S. To Secure Their Release

The State Department said the men should be released out of humanitarian concern and asked that Kenneth Bae, who has been held for two years, be granted amnesty.


The Flight Of The Passenger Pigeon, Now 100 Years Extinct

Passenger pigeons were once the world’s most abundant bird, but they were also the cheapest protein available. The last passenger pigeon, Martha, died exactly a century ago at the Cincinnati Zoo.


British Prime Minister David Cameron told the House of Commons on Monday that he wants to give police the power to seize the passports of Islamist fighters bound for Iraq and Syria.

U.K. Seeks To Expand Terrorism Laws To Target British Fighters

Prime Minister David Cameron wants to give police the power to seize passports of Islamist fighters bound for Iraq and Syria. On Friday, Britain raised its threat level to “severe” from “substantial.”


The first edition of Charlie and the Chocolate Factory and the original hero Golden Egg from the film Willy Wonka and the Chocolate Factory on display at Profiles In History in Calabasas, northwest of downtown Los Angeles, on July 19, 2012.

For Anniversary, A New Chapter Of ‘Charlie And The Chocolate Factory’

The chapter describes the Vanilla Fudge Room, an extra room in the chocolate factory. In it, Charlie Bucket goes to the factory with his mother – not his grandfather. The book turns 50 this month.


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
Day Sponsorship Payments
Underwriting Payments