L.A. Reid Confirms That He'll Announce A New Label Gig 'In A Little While'

9:28 AM PDT 4/13/2011 by Jem Aswad, Billboard

Even though he's signed on as a judge on Simon Cowell's X Factor, it's unlikely that anyone thought L.A. Reid, who left his post at the helm of Island Def Jam last month, would be out of the music business for long. And sure enough, in an interview with Hot 97's Angie Martinez Tuesday night (via Nah Right), he confirmed that another label gig is in his future and he'll be announcing his plans "in a little while."