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After many months of speculation on L.A. Reid’s status at Def Jam….now the story unfolds.

Reid, who had been in charge at the company since 2004, sent this letter out to IDJ staffers:

To my Island Def Jam family:

After much consideration, I have decided to leave my position as Chairman of the Island Def Jam Music Group.

I have always thrived on growth and the next great challenge, and I look forward with much enthusiasm to what the future holds.

I am extremely proud of our beautiful roster and all we have accomplished in my seven years with IDJ. We continue to have incredible success together with today’s most phenomenal superstars Rihanna, Justin Bieber, Mariah Carey, Kanye West, Bon Jovi, Jennifer Lopez, Ne-Yo, Rick Ross, The Killers, The-Dream, Chrisette Michele, Jeezy and Ludacris to name a few. I want to thank all of you for your amazing contributions.

With Warm Regards –

LA

Rumor has it that more big names may be leaving soon….stay tuned, the plot thickens!!!