Being the #1 Hip-Hop/Urban Magazine for more than a decade, it’s founder, David Mays, has decided to put his empire, The Source Entertainment, up on the auctioning block.

The Source empire consists of the magazine, the annual Source Awards, and two weekly television programs, The Source Soundlab and The Source: All Access, all of which is expected to sell for $100 million.

There is no indication on why or who Mays may decide to pass this empire on, but, we hope it is palced in the hands of capable individuals. Stay tuned for updates.