News: Diddy Responds To The Lox

Sean "Diddy" Combs, the founder and CEO of Bad Boy Entertainment, got the opportunity to explain his side of the publishing squabble with The Lox Thursday after the two parties were embroiled in a heated argument on Wednesday, during an interview on New York City's Hot 97.

After much prodding by radio host Angie Martinez of Hot 97, Diddy revealed that he owns 20-percent of The Lox's publishing, not the 50-percent that members Styles P and Jadakiss claimed. Still, a representative of the group sent a document countering the Bad Boy mogul's assertion.

"It's tragic and it's embarrassing that they don't even know the 101's of the industry." Diddy told Martinez. " They don't even know what's going on in their own lives."

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