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Hip-hop mogul Russell Simmons did not mince words today as he took the magazine industry to task for its lack of cultural diversity. Speaking on the third day of the American Magazine Conference in Boca Raton, Fla., Mr. Simmons told an audience of more than 500 of the nation's top magazine executives that they had failed to acknowledge the overwhelming influence that hip-hop has had on youth culture. "You are in the business of spotting trends, and you've been largely absent," said Mr. Simmons, who is chief executive of Rush Communications and the founder of Def Jam Recordings and the Phat Farm apparel brand. Describing hip-hop as a great brand-building culture, he said that the inattention of marketers and magazines had been good for him. "You're not thinking about it, so I can build another business," he said. Mr. Simmons was especially pointed on the subject of who is making decisions throughout most of the publishing industry. "You've got two black people in this room, and both of them are on stage," he said, referring to his interviewer, Roy Johnson, assistant managing editor ofSports Illustrated, who is African American. "There are more images out there than Puffy [Combs]," he added. Later, Mr. Simmons acknowledged that he hadn't seen all of the people of color in the room. [more]