Reports have been swirling today that Island Def Jam CEO, Antonio ‘L.A.’ Reid, had been fired from his post by the heads of the Universal Music Group. However, XXL magazine has received word from an official representative of thewho confirms that the rumours “are completely untrue and without merit”.

Reid, who became the head of IDJ in 2004, is credited for signing Mariah Carey, Young Jeezy, Justin Bieber and OutKast to the label. However, the music mogul received severe criticism from industry pundits after the underwhelming performances of Rihanna and Carey’s most recent studio albums as well as for adding rapper Shyne and Jennifer Lopez to the label’s lineup.

Thoughts?