In more "I know you really don't care" news, The Source Magazine has broken their silence regarding Steve Stoute's claims that he, Lyor Cohen, Jay Z and Russell Simmons want to buy The Source. Reps for The Source claim that Stoute's assertions are false and he's just talking jazz.

Russell "I don't need the drama" Simmons issued a statement last week saying "Russell Simmons has expressed zero interest in a business affiliation of any kind with The Source Magazine, nor has he had any conversations of any kind on the subject. Russell considers The Source an important voice and wishes it every success in the future." C'mon Russell, you know you want that magazine money.

The Source reps also stated that Cohen has denied Stoute's claims. The takeover rumors first started when it was revealed that The Source was in financial trouble and reportedly owed its financial backer Textron Financial Corp. $18 million. Textron recently requested for The Source Enterprises to be placed into its control to prevent owners Dave Mays and Raymond "Benzino" Scott from spending all the money on silly looking platinum and gold jewelry.

The Source is scheduled to return to court for a preliminary hearing with Textron Financial Corp. December 6th. In the meantime, get to know Benzino a little better before the money's all gone.

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