For many years, The Source magazine, headed by co-founders David Mays and Raymond “Benzino” Scott, was the leading magazine for hiphop culture. From unsigned hype columns,
to numerous artist interviews, to the famous Source 5 Mic album reviews, The Source seemed to have it all. Things began to take a turn for the worse in 2004 for the magazine after a highly publicized feud with Eminem and the Shady/Aftermath camp led to sharp declines in ad revenues and newsstand sales.
To make matters worse, The Source also defaulted on a $18 million loan from Textron Financial Partners, and coupled with the allegations of dishonest business practices in 2006, investors in The Source Entertainment INC. decided to remove both “Benzino” and David Mays. After trying to restructure The Source magazine to help regain its foothold in hiphop journalism, it now seems The Source Entertainment INC. is in financial trouble as the group filed for Chapter 11 bankruptcy in Manhattan, New York, in US Bankruptcy Court this past Friday.
According to the bankruptcy filing, The Source converted and consolidated a previous Chapter 7 filing in Friday’s court proceedings and listed assets of about $1.3 million and liabilities of $35 million. To help control its liabilities, The Source also stopped sending magazine’s to over 140,000 subscribers, and it was revealed that magazine subscriptions have dropped by more than 50 percent since 2002.









COMMENTS
I STOPPED BUYING THE SOURCE ABOUT 2 YEARS BECAUSE I FELT THAT THEY GAVE OUT BIAS JUDGEMENTS TO ARTIST..HEY WOULD GIVE SOMEONE 3 MICS THAT DESERVED 4 OR 5 AND VICE VERSA
DONT THEY HAVE SOME NEW SHIT OUT NOW.........
Yeah "funny looking ass" Benzino and Dave Mayes started a New Magazine called Hip Hop weekly. DONT BUY IT!!! The ruined the Source and a part of Hip Hop Culture. Hating on people that have more talent than them. Fuck Benzino and Dave Mayes. I HATE ON HATERS!!!!
i stopped readin it after they gave lil kims album 5 fucking mics!!!
shady records you better believe the hype is real...invasion 2 = why the source is done
thats wat u get for fuckin wit the white boy its bout time as well they fuckin totally sold out givin 5 mics for appearences and pussy fuck benzino and mays
"The Source also stopped sending magazine’s to over 140,000 subscribers"
LMFAO-
I signed up for the source ones..paid the 20 bucks or whatever it was and I never got a single issue..and thats how defsounds.com was born
Ok im lying about the defsounds part..but i want my god damn 20 dollars back
tHIS HURTS....
The Source consists of on average 160 pages (count em) Over half of them were advertisments (check it) the other half was bullshit ass articles that didn't satisfy the reader at all. Who the hell cares about the source. I don't even read it at the bookstore anymore. You know how you would go to the book store and skim through all the latest mags. I skip past the Source.
GoRdo23 — about 7 hours ago
i stopped readin it after they gave lil kims album 5 fucking mics!!!
They gave Lil Kim's album 5 mics?????
i never bought the source (okay just one issue). but what the hell? when XXLMAG has every artist on the front cover you wanna read about (i.e. nas, cam, 50, wayne, whoever!), and the source is running a "VIOLENCE IN HIP HOP" article every f&^%$#g 3 months, you know theyre broke when they cant afford to put a decent artist on the cover. whos on the cover this month again?
Ok, I just went back and read some articles... she got 5 in October '05... That's well after the Source stopped "matter-ing". After, the original Source mind staff and editors and stuff were gone. However, I ain't mad @ them... she can get it... It's the hardest female album ever, that I've hard, The Naked Truth that is... she was effin vicious on it! I've been sayin' that all along but I never knew she got 5 cause the Source was kind of obsolete, then... But yeah, she can get 5... there were about 3 or 4 corny tracks, but out of 22, I ain't too mad @ her... plus she's a girl... she can get it...
Name a female artist who's album was nastier!! (Too bad Lauryn never made a solo all rap album... sheesh, just thinkin' bout it makes me wanna give her 20 mics! But that's a dream... I think I'm chasin' some'n that's never gonna happen...)
YEP MY GUY EMINEM GOT THE LAST LAUGH..................................... THATS WHY HE IS OR WAS THE BEST (I DON'T KNO WHAT THE FUCK HAPPENED........PROBALLY HAD A MENTAL BREAKDOWN OR SOMETHING BECAUSE HE NEVA GOT 5 MICS, WHICH HE SHOULD HAVE 4 DA EMINEM SHOW) RAPPER. WHO ELSE COULD HAVE SHUT THE SOURCE DOWN?????????????????? "OUTSIDERS AND WE SUE'IN THE COURTS CAUSE WE DOPE AS FUCK AND ONLY GET A 2 IN THE SOURCE" I NEVA BOUGHT A COPY OF THAT BULLSHIT XXL ALL DAY HOE.
Yeah good call on the La Bella Mafia thing. She has a five mic album, along with Illmatic, Reasonable Doubt, Aquemini, 2001, Ready to Die, just to name a few
Here's some albums that did NOT get five in the source
Clipse- Hell Hath No Fury
Eminem- Eminem Show, Marshall Mathers LP
Little Brother- The Minstrel Show/The Listening
Mos Def and Talib- Blackstar (they didn't give fucking blackstar 5!?)
Mos Def- Black on Both Sides
Kanye West- Late Regisration
Common- Be
Gza- Liquid Swords
Fuck the source, they made business personal-- That's a no-no.
Uh, Sk8boardchris,
Ya boy Em PLAYED THE SHIT OUT OF XXL too... go back and listen to his stuff, dude.
dangerLAsoul,
La Bella Mafia didn't get 5 mics, it got 4 1/2.
The Naked Truth got 5 mics.
Ha ha, Yo Both of LB's CD's where super dope and NOBODY says anything about them.. I don't get it.
Are you sure it wasn't La Bella Mafia? If so, my bad and good call on the mistake. Either way, that shit didn't deserve 4.5 mics. The fucking Black album didnt get 4.5, Hip Hop is dead only got 4 I believe. Its all whack.
Little Brother (I say was since 9th has moved on) COULD HAVE BEEN (close not better) AS LEGENDARY AS A TRIBE CALLED QUEST if the hip hop community peeped them out.
Why do we respect mediocre talents like lil Wayne, or Jeezy, or Juelz, and CHOOSE to ignore the better rap acts out today? I would never say hip hop is dead, thats to broad of a statement, but what I do believe is that WE are cancer. We are killing it by feeding into the garbage that is put out.
If anybody disagrees, Please Listen to Big L. THEN reevaluate what "HOT" actually is...
fuck the source
GUERILLA KID — about 3 hours ago
somebody need to rid of this dude realrapmd like they did slugg120, cuz all hes doing is posting racist comments and yearning for my attention. realrap you faggot, its homos like you that get me beefing all over defsounds and then when i do, people wanna point me out like im the bad guy, the villain. but they never read between the lines to see who the real instigator is.
IF YALL NIGGAS RESPECT HIM AFTER THIS EXPOSURE YOU KNOW WHERE YOU STAND
hell yeah fuk the source
OH AND FUCK RAY BENZINO. THE SOURCE WAS COOL
RAY BENZINO
PRAS
WORST RAPPERS EVER
I haven't read the source since like 2002...in the 90's that was the fuckin' bible though.
"I DONT WANNA HURT NO FEELINGS....BUT IM JUST BEING HONEST WHEN I SAY NOBODY WANTS 2 HEAR THERE GRANDFATHER RAPPPP"- EM
REALRAPMD — about 2 hours ago
RAY BENZINO
PRAS
WORST RAPPERS EVER
Benzino doesnt count as a rapper.....i would rather listen to afroman
MOST DEFINANTLY. AND THE FUNNIEST PART IS I LISTENED TO THAT SHIT TODAY. AHAHHAHAH
AHAHHAHAHAHAHAHHAHAHAHHA
BECAUSE I GOT HIGH. HEY I DIDN'T BUY THE SHIT SOMEONE AT MY JOB HAD THE SHIT
^^^^^youre right, you bought the baha-men album.
I guess the source wasn't the source after all
sux for them
I like everybody else stopped reading after Benzino got into a beef with Eminem and then gave himself 5 mics for his own album. Benzino killed The Source.
Dave Mays is a weak individual for letting his friend Benzino do that.
Benzino old ass (45!!) and his fucked up raps led to his jealousy for Em and made alot of people turn their back on them, subscriptions started to drop in'02 the same time he started that bullshit beef. He gave Lil Kim 5 mics to do a feature on his album, when great albums like College Dropout, Get Rich..., Black Album, Marshall Mathers lp, Straight outta Cashville, The Chronic 1&2, the documentary, Dead Prez "Let's Get Free", and Common's Be didn't go over 3.5 mics with the exception for the Black Album which got 4 mics. And all those artist went against The Source with that beef and put out classic material while Made Men album which was garbage got 4 mics. And the written review for Tony Yayo album was the worst I ever saw(2 mics). Not to mention every issue had 10 ads for Benzino and ZNO records and fluffy articles about him and his artists.
This what happen, when dudes like Benzino try to bring the street into a business environment. Can't mix for too long. This is why hip-hop is going down, not from the art prespective but from dudes like Benzino who is selfish and only think about them self but not the bigger picture.
I Don't Care...
I'm like everybody else back in the 90's the source was the hip hop bible buy I stopped reading the source once benzino started beefing with everyone from shady/aftermath and was putting himself in damn near every issue that came out like he had talent the problem is the source never recovered they still don't have any good articles to make me wanna read it at all that's why they out of business they tried to mix personal with business and fucked themselves