Nah Right

I hope Dave Mays is happy now. Dude built this damn magazine from a newsletter only to throw it all away because of some lame ass psuedo-gangster.

The state Supreme Court ruled yesterday in favor of the magazine’s investor, Black Enterprise/Greenwich Street Corporate Growth Partners, which last month took control of the magazine from its founder David Mays and its president, Ray “Benzino” Scott.

The Source has had problems with both circulation and advertising in recent years. Mr. Mays began losing his grip on the magazine after defaulting on an $18 million loan from Textron Financial Corp. last year.

The court denied Mr. Mays’ demands that he be reinstated at the magazine, citing the Greenwich Street fund’s right to take control of The Source if he defaulted on his debt. That ruling opens the door for the Greenwich Street group to buy Mr. Mays’ shares in The Source, which now belongs to Textron. 

I don’t know why but I kinda feel relieved myself, as if this has anything to do with me. I’ve held off on buying any of the new issues, even though they’ve been certified Benzino Free, lest any of my money finds it’s way into Ray’s grubby little hands, but I think I might just go out and cop the April issue when it drops. Actually, Nah, I’ll wait until some East Coast dudes are on the cover…..I’m kidding!

*Ducks*