Did Benzino Sell Source Magazine?

by | Last updated on January 24, 2024

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Benzino relinquished control of The Source in 2005

and has since founded Hip-Hop Weekly, a Miami-based tabloid that covers rap music.

Does Benzino still own The Source?

Benzino Children 6 including Coi Leray

Who owned The Source magazine?


David Mays

is the founder of The Source Magazine and co-founder of Hip Hop Weekly.

What happened Source magazine?

By 2006, after more than a decade of mismanagement and bad press,

Mays and Scott were finally forced out of the magazine, and the company was thrown into bankruptcy

.

Is The Source magazine Black Owned?

As

one of the only Black-owned

magazine and digital properties in publishing today with a national circulation that delivers quality content to our community, we fully understand the challenges and constitution it takes to stand alone without a big corporate parent.

How much did Benzino sell source for?

In April 2002, Mr. Mays sold 18 percent of the company to the private equity firm Black Enterprise Greenwich Street Fund for

$12 million

.

What happened to Source Awards?


Londell McMillan is bringing back the Source Awards in 2022

after it ended 17 years ago. “Hip-hop needs its premiere awards show back,” McMillian told us, “After every awards show, our social media at The Source explodes … so back by popular demand.”

Why did Dave Mays leave The Source?


By not fulfilling these obligations

David Mays has lost control of the company and will lose all ownership.” The Source has had problems with both circulation and advertising in recent years. Troubles for the magazine became public after defaulting on an $18 million loan from Textron Financial Corp.

Who shot Benzino at funeral?

But

Gai Scott

, 39, was cleared of the more serious charge of armed assault with intent to murder in the March 2014 shooting of Benzino, whose real name is Raymond E. Scott, according to District Attorney Timothy J. Cruz’s office.

Why did Benzino get shot?

Benzino’s admitted shooter, his 36-year-old nephew Gai Scott, is finally speaking out. During a hearing hearing in Plymouth District Court, Scott told reporters and over a dozen of supporters that he shot his rapper and reality star uncle in self defense. “I shot at him;

I was in fear for my wife and a baby

,” he said.

Did Benzino go to Harvard?

Benzino (born Raymond Scott in 1964) is a rapper and former CEO and co-owner of The Source, a popular hip hop magazine in the United States. Originally from Boston, Massachusetts,

Benzino met The Source founder Dave Mays while attending Harvard University

.

Who is the creator of The Source?

The Source is an iconic hip-hop cultural institution and the world’s longest-running rap periodical, being founded as a newsletter by

David Mays

in 1988. This feature was edited and scored by Wreck Tech.

Who is the editor of Source magazine?

Editor

Andrea Lynch

(Art Director) Michelle Dickson (Deputy Editor) Lisa Walmsley (Chief Sub Editor) Morwenna Lawson (Sub Editor) Helen Bull (Art Editor) Ginny Henry (Picture Editor)
Categories Lifestyle, Design, Food, Beauty, Fashion, Health, Finance, Travel Frequency Bi-Monthly Year founded 2006

What happened at the 1999 Source Awards?

— An outburst of violence that police and witnesses said involved rap artists brought the second annual Source Hip-Hop Music Awards to an abrupt end Tuesday night, only an hour into the show’s taping.

Is the Source Awards coming back?

After the recent announcement of The Source Streaming, chairman and owner-publisher of The Northstar Group, which publishes The Source Magazine, L. Londell McMillan, has announced

the iconic Source Awards will return in 2022

ending a 17-year hiatus.

What happened at Source Awards 2000?

Pasadena hosted the 2000 show, which was cut short after

a violent brawl erupted in the audience

— resulting in only five of the night’s 15 awards being handed out. DJ Quik was sent to the emergency room from his injuries. The result? Pasadena city officials banned the awards from ever returning there again.

Juan Martinez
Author
Juan Martinez
Juan Martinez is a journalism professor and experienced writer. With a passion for communication and education, Juan has taught students from all over the world. He is an expert in language and writing, and has written for various blogs and magazines.