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STATEMENT VIA XXL MAGAZINE:
“[The rumors] are completely untrue and without merit,” the spokesman told XXL this afternoon over the phone.
Reid was appointed to the coveted role at Def Jam back in February of 2004, succeeding longtime label head Lyor Cohen. The record exec is responsible for signing such big name hip-hop acts as Young Jeezy, Rick Ross and most recently Shyne. —Elan Mancini
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