Well the Associated Press has issued a statement by Universal Music Group that rap artist and hip-hop mogul Shawn "Jay-Z" Carter is stepping down as president of its Def Jam Records unit, effective by the end of the year. He said however he will keep doing his music for Roc-A-Fella/Def Jam.
MediaTakeout.com is reporting that Jermaine Dupri might be the next contender for the job. Jermaine has an eye for spotting talent so that might be a smart move on Universals part.
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