Some Good News in the Jazz Industry!

The jazz business has taken some major hits recently, including the fall of the JVC Jazz Festival in New York, and the end of JazzTimes Magazine.

But today, Ben Ratliff at the New York Times reported that George Wein (pictured), the jazz impresario who founded the Newport Jazz Festival, has convinced CareFusion, a medical technology company based in California, to sponsor two major festivals.

The company will sponsor Wein's August, 2009 festival in Newport, Rhode Island, as well as a large New York City jazz festival in June 2010.

Image © Brad Barket / Getty Images