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Wednesday, January 18, 2006




ALLHIPHOP.COM



Dave Mays Replaces Dasun Allah As The Source Editor-In-Chief
By Chris Richburg
Date: 1/17/2006 6:15 pm



Dave Mays, co-founder of The Source magazine, has dismissed the former Editor-in-Chief and will now man the head position.

Mays replaces Dasun Allah, who was fired from the magazine last week.


"Right now I am taking the role of Editor-in-Chief," Mays told AllHipHop.com. “There were just other issues that caused this to happen in this particular way," Mays said, adding there were "no plans for a new editor right now.

"Ryan Ford is still our executive editor. Dasun was the other executive editor and they had the same powers."

Allah was appointed Editor-in-Chief of The Source in September, one month after Joshua "Fahiym" Ratcliffe resigned from the magazine.

In October, Allah was arraigned in Manhattan Criminal Court on vandalism charges after admitting to spraying painting in a Jehovah Witness assembly hall in Harlem, New York.

Although Mays didn't elaborate on the reasons for Allah's termination, he praised the former staffer.

"His views and opinions are great. We love him," Mays said about Allah. "He has written some of the best articles for The Source. He really understands Hip-Hop culture."

Mays' new position is the latest in a string of developments for the self-proclaimed "Hip-Hop Bible."

Last week, Mays and his fellow Source co-founder Raymond "Benzino" Scott obtained a temporary retraining order against The Source Entertainment Inc.'s board of directors.

The order came as a result of attempts by the board to oust Mays and Scott from the company, claiming the pair's association with the company hurts "not only the employees of The Source, but all of its investors, vendors, subscribers and readers."

The Source Entertainment Inc. is the parent company of The Source magazine.

The Black Enterprise/Greenwich Street Corporate Growth Partners L.P. is a $91 million private equity investment fund created in 1997 to finance the growth of established minority-owned, managed, or targeted businesses.

Black Enterprise invested $12 million dollars in The Source in return for a minority stake in the company and seats on the board of directors.

The Source defaulted on an $18 million loan from Textron Financial Partners. Textron filed a lawsuit against The Source in Oct. 2005, seeking control of the magazine.


THIS COULD BE THE DEATH BLOW FOR THE SOURCE.

HOW IS THIS MAGAZINE SO FUCKED UP?


HMMMN,

BENZINO?

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