wp_customizer-wp_editor-notsaving

function Formation_customizer_child($wp_customize) {
    //Add the texteditor option for wp_customize
    class Customize_Text_Editor_Control extends WP_Customize_Control {
        public function render_content() {
        ?>
            <span class="customize-control-title"><?php echo esc_html($this->label); ?></span>
            <?php
            $settings = array(
                'textarea_name' => $this->id,
                'media_buttons' => false,
                'teeny'         => true
                );
            wp_editor($this->value(), $this->id, $settings);
        }
    }

    $wp_customize->add_section('featured_section_top_child', array(
        'title'       => __('Featured Text Area', 'Formation'),
        'description' => __('This is a settings section to change the homepage featured text area.', 'Formation'),
        'priority'    => 195
        )
    );

    $wp_customize->add_setting(
    'featured_texteditor', array(
        'default' => '',
        )
    );

    $wp_customize->add_control( new Customize_Text_Editor_Control( $wp_customize,
        'featured_texteditor', array(
        'label'    => __('Featured Text Header', 'Formation'),
        'section'  => 'featured_section_top_child',
        'settings' => 'featured_texteditor',
        )
    ));

    $wp_customize->add_setting('featured_button_url_child');

    $wp_customize->add_control(
        'featured_button_url_child', array(
        'label'   => __('Featured Button URL', 'Formation'),
        'section' => 'featured_section_top_child',
        'type'    => 'text',
        )
    );
}
add_action('customize_register', 'Formation_customizer_child');

//Remove parent theme featured text box
function run_after_setup(){
    remove_action('customize_register', 'Formation_customizer');
}
add_action('after_setup_theme', 'run_after_setup');