Daily News Alerts
Get our daily news stories right in your email inbox. Subscribe below.

 
David Mays, Benzino Booted From The Source
By Allen Starbury ♦ Published 01/19/2006

Eighteen years after founding what many have dubbed the Hip-Hop Bible, David Mays and longtime partner Raymond "Benzino" Scott have been pushed out of The Source by the new board of directors.

According to the New York Post, four of the six board members voted out the duo last week, but it was postponed when Mays and Scott filed for a temporary restraining order to block the vote while they prepared a lawsuit against the new board.

This week, a judge lifted the restraining order and a majority vote by the board members was reinstated firing both Mays and Scott from their positions and appointing Jeremy Miller to server a new chief officer of The Source Entertainment, Inc.

Reports state that Miller, who had previously resigned from his position as chief operating officer at The Source in 2004, worked for the magazine for fourteen years before leaving to start his own, called Down.

The board of directors began four years ago, when Black Enterprise Greenwich Street Corporate Growth Partners, a private-equity firm controlled by the Graves family, made a $12 million investment in the magazine.

The new board includes Earl "Butch" Graves Jr., the CEO of Black Enterprise, Ivan Hopkins, Jeffrey Scott and Ed Williams, who are part of the investment firm, according to the NY Post.

Categories: Music        Tags: , ,
Win The Treasury Watch From Ecko Watches' Timepieces Collectionr
Ecko Watches hooked is up with a few watches, so we're hooking you up...
Home | About Us | Advertise With Us | Contact Us | Terms Of Use | Privacy Policy

© BallerStatus.com 2010 ‘Til Infinitiy. Hated On Since 2002. All Rights Reserved.