April 9, 2005

End of an Error?

Spent a lovely Friday in New Haven, where my hosts were quite gracious about my inexperience with public speaking. The only downside was I missed out on the chance to scoop Benzino's resignation from the Source:

Benzino Quits Source
Blaming irreconcilable differences with both The Source magazine and its investor, Black Enterprise, co-founder Raymond "Benzino" Scott stepped down as chief brand manager on Friday (April 8). "I want to step down from the magazine and sell my stock effective immediately," he said in a statement...

"...I don't want to take away from what The Source has built up, but I got issues with The Source and magazines like that. Everyone is too politically correct. They're not thinking about the little guy who can't afford to pay for high-priced ads. It's like a monopoly."

Now come on, that's a little unfair, I mean the Source gave full pages of ad space away every month to such obscure artists as Ray Benzino!

...The feelings were apparently mutual as, according to a spokesperson for The Source, Black Enterprise disliked Scott's practices. "Our other partner, Black Enterprise, is another reason why I've decided to leave," Benzino said. "I don't like how they perceive me. There are too many things that I don't agree with, so I am moving on."

I was expecting Earl Graves and the BE crew to dump Benzino when they first bought in years ago. I guess they finally woke up and realized they better step in to protect their investment.

Though his tenure at The Source has been rocky, Scott said he's looking forward to new publishing opportunities. "I plan on creating another magazine that has my voice, which represents the little guy. It's because of the manipulation of SoundScan and radio that hip-hop is losing its edge. I want to come out with a magazine that will reflect that. I want to start from the ground up and speak for the artists," he said.

I'm hoping he'll go the Oprah route and call it "B" magazine, with himself on the cover of every single issue offering self-help advice for his fellow "little guys."

Posted by jsmooth995 at April 9, 2005 2:58 PM | TrackBack

Comments

"I want to step down from the magazine and sell my stock effective immediately"

Ha. So he knows as much about how the market works as he knows about running a magazine.

Good riddance.

Posted by: matt at April 9, 2005 3:23 PM

can you believe that one second you are discussing benzino's mess of a magazine over matar paneer and the next second he is stepping down from said mess!?

Posted by: sally at April 9, 2005 4:37 PM

He says he wants to start another magazine. Well a large percentage of 'zines fail, so we are thinking his chances are real slim.

Posted by: Linksys at April 9, 2005 5:33 PM

the little guys he must be referring to are guys with little brains and little talent!

Posted by: dunny at April 10, 2005 1:38 AM

at the Al Sharptom summit he said that it's untrue

Posted by: nykool at April 10, 2005 2:48 AM

> "I got issues with The Source and magazines like that. Everyone is too politically correct. They're not thinking about the little guy who can't afford to pay for high-priced ads. It's like a monopoly...."

If Benzino REALLY felt like that he could have made sure more editorial space was devoted to indie and developing artists in the magazine but since that never happened, I have to imagaine that the above is not exactly "true" (to put it diplomatically).

Posted by: ian at April 10, 2005 8:27 PM

Good riddance to bad rubbish... and take that Almighty RSO/Made Men bullsh*t outta here too!!!

Is he gone... I mean really?

Good.

Posted by: blackfist at April 11, 2005 12:30 AM

dude was sleaze from day one. don't let the door hit ya on your way out ray!

Posted by: amar at April 11, 2005 5:11 PM

hum on my niggy niggy nuts benzino

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