‘X Factor’ Judge L.A. Reid Says He Won't Return for Season 3

Epic Records CEO L.A. Reid says he wants to re-focus on his company

Another shakeup has fallen upon the judges' panel on "The X Factor."

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Record executive and "Factor"  judge Antonio "L.A." Reid, who has been with the American version of the singing competition since its inception, told Access Hollywood that he won't be back for the show's third season.

Reid cited his need to tend to Epic Records, where he serves as chairman and CEO.

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"I have decided that I will not return to 'The X Factor' next year. I have to go back — I have a company to run that I've kind of neglected." Reid told Access Hollywood's Shaun Robinson. "It saddens me a little bit, but only a little bit."

Fox, which airs "The X Factor," had no comment for TheWrap on Reid's decision. FremantleMedia, which produces the show, also had no comment.

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Adding that he and "X Factor" judge Simon Cowell have "a great relationship," Reid said that he's "not ruling out" the possibility of coming back to the show at a later time, but "I'm definitely not coming back next year."

Following the first season of "The X Factor," a major house-cleaning took place, with judges Nicole Scherzinger and Paula Abdul being shown the door, along with host Steve Jones.

Scherzinger and Abdul were replaced by Britney Spears and Demi Lovato for the second season, with Khloe Kardashian and Mario Lopez coming aboard as hosts.