Media News

Rolling Stone Editor Steps Down

NEW YORK — Music magazine Rolling Stone announced that Jason Fine will be stepping down from his post as Editor to become Director of Content Development effective immediately. In this newly created role, Fine will oversee Rolling Stone’s multimedia projects including: Rolling Stone Films, documentaries, podcasts, and books.  A new Editor has not been named. “Over […]

Offices

Beam Suntory to Move Headquarters to NYC

Liquor company Beam Suntory announced that it will move its global headquarters from Chicago to New York City in mid-2022. The company, whose brands include Jim Beam, Courvoisier and Maker’s Mark, will relocate most Executive Leadership Team positions, its global Brand House organization, and select global corporate function roles to an office at 11 Madison […]

Funding

OwnBackup Secures $167.5 Million Investment

ENGLEWOOD CLIFFS, NJ — OwnBackup, a cloud data protection platform based in Englewood Cliffs, has secured a Series D investment of $167.5 million co-led by Insight Partners, Salesforce Ventures, and Sapphire Ventures, with participation from existing investors Innovation Endeavors, Vertex Ventures, and Oryzn Capital. Following a $50 million financing announced just six months ago, OwnBackup’s cumulative funding now totals over […]

Funding

Hedge Fund Melvin Capital Gets $2.75 Billion Infusion

NEW YORK — Hedge fund Melvin Capital Management announced that hedge fund Citadel and Point72 have made investments of $2.75 billion into its fund. The Wall Street Journal reported that Melvin lost 53% of its value last month and was heavily short Gamestop which soared after traders on Reddit bought shares and options in the […]

Funding

Private Equity Firm Kohlberg Closes $3.4 Billion Fund

MT. KISCO, NY  — Kohlberg & Company, a private equity firm specializing in middle market investing based in Mt. Kisco, announced the final closing of its ninth private equity fund, Kohlberg Investors IX, L.P. (“Fund IX”) with $3.4 billion in total commitments. “We are grateful to our longtime investors for their continued support, and are […]

Media News

Larry Kudlow to Join Fox Business Network

NEW YORK  — FOX News Media has signed former Trump economic advisor Larry Kudlow (Photo above. Source: Twitter) to its network as a contributor. Kudlow had served as United States National Economic Council Director for President Donald Trump since 2018 and was previously a commentator on CNBC for three decades. Kudlow will serve as a […]

Restaurant

NYC Restaurant Week Begins With Record Number of Restaurants

NYC Restaurant Week starts this week and will run thru January 31 with a record 570-plus restaurants across all five boroughs participating. With the pandemic shutting indoor dining in the city, restaurants are only offering their meals to go or for delivery. NYC & Company is the producer of NYC Restaurant Week, now in its […]

Airlines

JetBlue Unveils New Airbus A220-300 Jets

NEW YORK — JetBlue is showing off the interior of the airline’s new Airbus A220-300 jet, which features rows with 2 x 3 seating meaning fewer middle seats. The first of 70 A220s JetBlue has on order was delivered to the airline’s home at John F. Kennedy International Airport Terminal 5 in New York on […]

Funding

Nayya Lands $11 Million Series A Round

NEW YORK — Nayya, which operates an insurance benefits management platform, has closed $11 million in Series A funding led by Felicis Ventures, with continued support from all early investors including Social Leverage, Guardian Life, one of the largest mutual life insurance companies in the US, and Cameron Ventures. Unum Business Ventures also joined the round with […]

Funding

Cockroach Labs Valued at $2 Billion With $160 Million Investment

NEW YORK — Cockroach Labs, which has nothing to do with pesky little bugs, has raised $160 million in new funding. The NY company is behind CockroachDB, the leading cloud-native distributed SQL database, and announced new funding led by Altimeter Capital with participation from new investors Greenoaks and Lone Pine, and existing investors Benchmark, BOND, FirstMark, GV, Index […]

Funding Hospital

Feinstein Institutes Gets $4 Million Grant to Study Perinatal Depression

MANHASSET, NY — The Feinstein Institutes for Medical Research, the research arm of Northwell Health, has been awarded more than $4 million in multi-year grants to study perinatal depression in women – before and after childbirth – and possible new treatments. The research will be led by Kristina Deligiannidis, MD, associate professor at the Feinstein Institutes’ […]

Funding

Micatu Secures $10 Million

HORSEHEADS, NY — Micatu, a developer of optical sensing solutions, has received a $10 million growth investment led by WAVE Equity Partners, LLC. The financing will support the company’s continued global expansion and ongoing deployment of its proprietary GridView optical sensing platform for industrial and utility grid measurement solutions. “Our nation’s electric grid is being […]

Funding

CookUnity Cooks Up $15.5 Million Investment

NEW YORK — CookUnity, a Brooklyn-based food-tech company that offers a direct Chef-to-Consumer meal subscription platform, has closed a $15.5 million Series A investment round. (Photo Above: CookUnity chef Esther Choi. PRNewswire) Fuel Venture Capital led the investment with participation from new and existing investors including seed round lead IDC Ventures. Jeff Ransdell, Founding Partner and Managing Director […]

Funding

Paige Scores $100 Million Series C Round

NEW YORK — Paige, a NY-based provider of AI-based digital diagnostics, announced a Series C funding round of $100 million to boost the Company’s efforts to transform digital pathology by unlocking insights from each patient’s sample so pathologists, care teams and researchers can make decisions more confidently and efficiently to optimize outcomes. The Series C […]

Restaurant

Panera Launches New Flatbread Pizza Flavors

Panera announced the rollout of two new varieties of Flatbread Pizza — Pepperoni and Four Cheese, and new Flatbread Family Feast value meals as the chain continues to offer items perfect for delivery and off-premise dining. The new Pepperoni Flatbread features Panera’s signature crisp crust topped with fresh mozzarella, traditional pepperoni and market tomato bell […]