The magazine was started as a tip sheet by Tom Silverman (who later founded Tommy Boy Records) and two of his college friends, Scott Anderson and Steve Singer, who all lived together in an apartment/office.
Tom Silverman is the founder and CEO of Tommy Boy, a record label established in 1981.
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Tommy Boy Entertainment (formerly known as Tommy Boy Records) is an American independent record label started in 1981 by Tom Silverman.
In 1981, Tom Silverman borrowed $5,000 from his parents to officially start the label out of his apartment.