Jay Z steps down

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After months of speculation, Hip-Hop mogul Jay-Z  announced on December 24 that he will officially vacate his position as President of Def Jam Records at the end of his term.

The 38-year-old rapper issued a statement today (December 24) stating he will step down as president in 2008.
“I’ve been incredibly fortunate to have served as President of such  a culturally-defining label as Def Jam over the last three years,” Jay-Z  said in a statement. “During that time, I’ve had the pleasure of working with many of the  world’s most dynamic artists and many of the  most dedicated and talented executives in the music business today, including Antonio “L.A.” Reid. But now it’s time for me to take on new challenges.”

Jay-Z, born Shawn Carter, took over as President of Def Jam in 2005.

Under his guidance, the rapper signed his former rival Nas to Def Jam and oversaw the release of hit records by Kanye West, Rihanna and Ne-Yo.

The announcement serves to cap off a very turbulent year that saw Def Jam artists like LL Cool J protest that Jay as an artist and executive presented a unique conflict of interest. Additionally, a number of traditionally successful Hip-Hop acts like The Roots, Redman and Method Man failed to get traction under his reign.

Island Def Jam Music Group Chairman Antonio “L.A.” Reid said that Jay-Z felt it was time to take on “different challenges in his life.”

Could it be?

MediaTakeOut.com can officially confirm to you that ast week Jay Z and Beyonce were married in a small private ceremony in Paris, France.

Take a look at their proof. According to our source, who is an EXTREMELY close family member of Beyonce’s, the couple chose, instead of exchanging rings, to tattoo a personal inscription on each of their ring fingers.

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Beyonce sports her natural hairs

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I don’t know what do you think? I think she has been sporting the lace fronts so long she doesn’t know what to do with her natural coif :) Also I see the bruise from her tumble a month ago still has not healed yet. Anywayssss……

Beyonce rocks the soft curls as she makes a quick getaway with Jay-Z from Diddy’s Wednesday night party.

They partied with Diddy at “The House of Unforgivable” in Manhattan’s Upper East Side as it was the launch of Sean Jean’s “Unforgivable Woman” fragrance.

images: justjared.com