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- Tuesday, July 08, 2008
- Kanye West Denies Anger Management Rumors
- dead prez Next Album To Have No Label, Distribution
- Public Enemy, M-Audio And Obey Host Remix Contest
- Flavor Flav Loses Virginity At Six Years Old?
- 50 Cent's Biggest Battle Yet?
- Killer Mike Talks Lil Wayne, Ice-T/Soulja Boy & More
- Game's Cousin Files Police Report Against Rapper
- Monday, July 07, 2008
- Record Indsustry Reports Continued Decline In 2008
- Busta Rhymes The Next To Go In Interscope Housecleaning?
- 50 Cent Reveals When Next Album Will Drop
- Royce Da 5'9" Speaks On "Album" Leak, Upcoming Releases
- DX-clusive: EPMD Reveals Clothing Line Designs
- Ice Cube Preps New Album & Tour
- Friday, July 04, 2008
- DX-Clusive: Tech N9ne Talks Retirement
- Max B Signs With Amalgam Digital
- Hip Hop Album Sales: Week Ending 6/29/08
- Rock Steady Crew Announces Anniversary Weekend Lineup
- Hip Hop Live: Week Ending 7/11
- Thursday, July 03, 2008
- DMX Arrested Yet Again
- Andrew Young Mentors T.I.
- Stones Throw Records Releases N.W.A. Affiliate Album
- Nas Responds To Album Leak
- 50 Cent Talks About Young Buck's Future At G-Unit
- Travis McCoy's Publicist Makes Statement About Arrest
- Robin Thicke Discusses New Album & Who He's Voting For
- OZONE Magazine Reveals Location For Award Show
- Ice-T Tells Soulja Boy To "Eat A Dick"
- Young Buck Vs 50 Cent: Round 3!
- UDPATE: Nas Supports Shaq In Dissing Kobe
- 50 Cent Sparring With T.I. On T.O.S.?
- Lil Wayne Set To Go Platinum In First Week?
- Young Buck Recorded Pleading With 50 Cent
- Soulja Boy Cranks Back At Ice-T
- Young Buck: "Fuck G-Unit!"
- Young Buck Vs 50 Cent: Round 2!
- Hip Hop Album Sales: Week Ending 6/15/08
- Ice-T Tells Soulja Boy To "Eat A Dick"
- Soulja Boy Cranks Back At Ice-T
- Lil Wayne Set To Go Platinum In First Week?
- Young Buck Vs 50 Cent: Round 3!
- Young Buck: "Fuck G-Unit!"
- 50 Cent Sparring With T.I. On T.O.S.?
- UDPATE: Nas Supports Shaq In Dissing Kobe
- Young Buck Recorded Pleading With 50 Cent
- R Kelly Acquitted Of All Charges!
- Hip Hop Album Sales: Week Ending 6/15/08
Hip Hop News
The Source Magazine Still Struggling
The Source magazine and its parent company Source Entertainment Inc. have filed for Chapter 11 bankruptcy Friday, according to sources.
Court documents state that The Source is struggling to recover from the dubious business practices and negative publicity brought forth by its former management (Dave Mays and Ray Benzino), which caused several advertisers to leave the brand.
The Source also 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 according to sources.
Founders Dave Mays and Ray Benzino were ousted from the company in 2006, when sluggish newsstand sales and lost ad revenue prompted a need for a change.
One of the company's biggest financial issues prompting change in management was The Source defaulting on an $18 million loan from Textron Financial Partners.
According to the bankruptcy filing, The Source stopped sending magazines to 140,000 subscribers and magazine subscriptions have dropped by more than 50% since 2002.
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