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According to XConnect:

L.A. REID LEAVES LABEL TO BE X-FACTOR JUDGE!

Antonio “L.A.” Reid is giving up his gig as chairman of Island/Def Jam Records to become a judge on Simon Cowell’s upcoming TV talent competition, The X Factor.  Auditions start on March 27 in L.A. and X Factor debuts on Fox in September.  L.A.’s contract with Island/Def Jam is set to expire in December.