L.A. Reid has officially stepped down from his post as President of Def Jam. In a letter to his staff sent out today, he boasted how proud he is of his roster of talent, and says he has decided to leave his position.
TheYBF.com was the first to break the story yesterday--clearly more than 4 hours before a certain mainstream site blatantly stole our exclusive virtually word-for-word and posted it as their exclusive with no credit--that Mr. Reid has been tapped to judge Simon Cowell's new U.S. "X-Factor" show. And he would have to step down from his position at the conflicting label. Read on for deets...