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An excellent This Week in Hip Hop report by Wahidah Fowler of Jumpoff TV. After almost 16 years Vibe magazine has folded due to a lack of investment & advertising. Quincy Jones, vibes founder has expressed interest in buying the magazine back and taking it online.

- Drake has signed with Lil Waynes Young Money records, and will be distributed through Universal Republic

- Legendary rap group Run DMC will have a street in their home town of Queens, New York named after them.

- The GlobalGrind.com Story of the week is R Kelly getting busted with a 17 year old girlfriend, read the full story on globalgrind.com