FIRED!!! Def Jam Gives Jay Z His WALKING PAPERS!!! - MediaTakeOut.com™ 2008


FIRED!!! DEF JAM GIVES JAY Z HIS WALKING PAPERS!!!
 







December 07, 2007. MediaTakeOut.com has just learned that execs over at Def Jam have decided not to extend an offer to Jay Z to continue on as head of the label. Details are still sketchy, but word is that they've already beginning to look for a successor - and so far Jermaine Dupri is the leading candidate.

We're told to expect an announcement in the next day or so.

This article was originally published at 9:00 AM EST. At the time of publishing, no other news source in the world was reporting that Jay Z was no longer returning to Def Jam. Copies of this article were sent to all the major news agencies (including CNN, The Associated Press, NBC, CBS, ABC, FOX, People and TMZ.com). In the past, a number of news organizations have re-reported MediaTakeOut.com's articles without giving proper credit. We ask that if you use the information provided in this news article, that you give credit to MediaTakeOut.com, the world's most visited Black website. Not only is that standard practice in good journalism, but it's the right thing to do. In addition, hundreds of journalists come onto this site to find out what's going on in the Black community - so your theft is not going unnoticed. Blatantly re-report our stories not only damages your reputation as a journalist - but that of your employer

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COMMENTS:

    ICON
    1St OMG!!!
      ---------------
    I AM FASHION

    allstarzzz
    www.myspace.com/allstarzzz

    Ya'll go n chek it out 4 me PlzZ

    ThanxX In Advance!
     

    TechP
    It's about time!!!!!!!!!!!!
     

    She_So_Fly
    Oh well........
      ---------------
    Join ebonycity.heavenforum.com

    TechP
    He was more for himself, anyway.
     

    Bajandobad
    MTO, WHY CHANGED THE LAYOUT OF THE SITE? IT LOOKS RETARDED.

    BTW, THIS IS A LIE CAUSE I HAVENT SEEN A REPORT FROM ASSOCIATE PRESS STATIN THIS.
     

    Filmlvr99
    WHERE IS THE PROOF!? MTO GET A LIFE.
     

    Filmlvr99
    WHAT DID SOMEONE TAKE A CLASS IN JOURNALISM AND THINK THEY CAN RUN A WEBSITE BASED ON TERMS AND PHRASES JOURNALISTS USE. GET A [EXPLETIVE] LIFE MTO.
     

    Bajandobad
    HOW DOES DUPRI'S CAREER LOOK IN COMPARISON TO JAYZ? JAYZ IS A BETTER THAN DUPRI, PERIOD.

    @RIHANNA,NEYO,KANYE, IF JAYZ LEAVE FOLLOW HIS ASS WHEREVER HE GOES. CAUSE U ALL CAREERS WILL TANK WITH DAT DUPRI WHO ALSO TANKED JANET'S LAST CD.
     

    NIQUEMARTIN
    DAMN JIGGA! HOW YOU GONE COP SH*T FROM CHANNEL NOW?
     

    debebelle
    music isn't the same n e more.....
      ---------------
    OOOHHH Sh**t!! My AZZ!!!

    meloqueenzchyck
    ohh well if he did! like no1 is gonna want that camel in their biz, he good money!
      ---------------
    I‘M NOT A BITCH, I‘M THE BIT

    deliciousdiva13179
    visit myspace.com/deliciousdiva131 post comment on my blog
     

    debebelle
    music isn't the same n e more.....
      ---------------
    OOOHHH Sh**t!! My AZZ!!!

    email2michael
    @Banjo

    Read the disclaimer...
      ---------------
    You tole Harpo to BEAT ME!

    MsGleam
    I'm sure he doesn't care since he and Bey are going to start their own label!

    World's greatest all natural jewelry cleaner...Natures Gleaming Clean puts the BLING on everything!

    naturesgleamingclean.com

    MySpace.com/MsGleam
     

    JustTheFactsMam
    HOLY $HIT!!!!! NOT that he got fired... lol.. he deserves it... BUT YALL GOT IT RIGHT??!!! AGAIN... HOLY $HIT!!!! I'M IMPRESSED MTO :-)
      ---------------
    http://www.youtube.com/sm0kah0ntas

    1stRoundDraftPick
    I'll believe that when i see it..on MTV.
      ---------------
    I‘m His Lil Quarterback..Ya Dig?

    bigfella
    I think there is a big difference between runnin a label and being a producer. Dupri has shown that he is better at running a label than Jay Z. SoSo Def has on top of the rap world for most of the 90's. SoSo Def did end up going bankrupt so that is a huge black eye on Dupri's resume, but he does have a lot of experience running a label.

    The biggest thing Jay did was sign Kanye, and he probably used that as a bargaining chip to get the job.

    Oh well, he can always go back to advertising Camel cigarettes...
     

    ladytee35
    Oh well he can at least say his contribution to the company is Kanye and Rhianna. Im pretty sure he will receive a nice servance package.
      ---------------
    Same Toilet Different SH*T!

    poetical
    This was just amatter of time. It has been rumored to long.

    Globaldatepages.com
     

    whatwhatwhat
    MTO, what the hell did y'all do to this site? The glory of it was that even the most retarded person could read it. Now I feel like I'm reading the f*cking Wall Street Journal with all this small text and pictures and sh!t.

    Get it straight guys. Y'all are a lo-jack website and nobody believes 99% of the sh!t y'all print so making it look professional ain't gonna make a difference. Stop trying to get high tech on our azz and stick with the formula that made ya famous!!
      ---------------
    Jimmy‘s got a little bit of b!tch in him

    Miss_Fit
    Whatever........
      ---------------
    What Up Doe!

    ICON
    @ whatwhatwhat
    U r toooool funny and CORRECT!!!!! WTF is this shittttttt!!!!!!!!
      ---------------
    I AM FASHION

    strongblackwoman
    stop saying this is a black owned site because we know yal asses aren't black and how dare you call yourselves journalists lmao that's a damn joke yal asses can't even spell....
      ---------------
    I‘ll take *go get a life* for 300

    msrendevous
    Jay-z cant work because he is to busy chasing Beyonce......LOL his mind is boggling right now he will get it together one day!
     

    ohjazzydiva
    Jay Z has enough mula to have his own record label. I'm sure he could'nt care less, that's if this story is true.
      ---------------
    "KEEPIN IT JAZZY!"

    410sFinest
    He wasnt really good at that job anyway puttin out artist like Teairra Marie with that wack ass album she had. Besides he was tryna be an artist and be a CEO.
      ---------------
    *Love 2 Love Ya*

    mixed2beauty
    I guess now he and Bey can live a normal life and go to the wilderness and have little camels to continue the legacy....
      ---------------
    To thy ownself be true!!

    JustTheFactsMam
    whatwhatwhat Flag post
    MTO, what the hell did y'all do to this site? The glory of it was that even the most retarded person could read it. Now I feel like I'm reading the f*cking Wall Street Journal with all this small text and pictures and sh!t.

    Get it straight guys. Y'all are a lo-jack website and nobody believes 99% of the sh!t y'all print so making it look professional ain't gonna make a difference. Stop trying to get high tech on our azz and stick with the formula that made ya famous!!


    ROTFLMAO!!!!
      ---------------
    http://www.youtube.com/sm0kah0ntas

    kimkelmor
    I seriously doubt Jigga's gonna lose even a wink of sleep tonight, if this is true. This man has so many business ventures going on it's ridiculous, plus partial ownership of the NJ Nets. He never needed Def Jam, and he never will. He didn't beg them for a job; it was the other way around.
      ---------------
    Kim B.

    sosincere
    OMG....MTO will ya'll PLEASE stop it with the disclaimers to the other gossip sights! My goodness. Thats the equivelant of a person ALWAYS hollaring "Im Grown". If you grown you don't need to broadcast it. That ish cheapens your whole sight and basically looks like some pathetic children whining about who's not playing fair! Ugggghhhh! Perez and them got ya'll that shook!
     

    wreckin2003
    don't matter, Hov got wipe his ass wit blank checks
     

    witchywomn
    I really have to LMAO at your lil disclaimer at the end of the story! Y'all r always stealing pictures, videos, and stories from other "news" organizations and RARELY ever say where the story originated. Plz take your own advice if your gonna call ppl out!

    Anyways bout Jay Z, good lookin out, how you gonna get fired. LOL
     

    bonafied_trini
    HOW DA HELL CAN U FIRE SOMEONE WHO HAD NO INTENTIONS OF STAYIN TO BEGIN WIT?!?!??! MTO GET IT TOGETHER!!!!
     

    killdanoise1
    WOW!!!!!!!!!!!!! THAT'S BAD BUSINESS.

    THAT'S NOT A GOOD LOOK!
      ---------------
    FOLLOW THE RAINBOW B*TCH! ~VOGUE~

    HUEmanbro
    It's about time. He wasn't doing anything for his artist outside kanye,rhianna and neyo and HIMSELF anyway. How are u going to be the president of a record label and want to only promote yourself after saying you were going to retire a few times?
      ---------------
    http://shiitushouldkno.blogspot.com/

    spraggaswifey
    MTO IS WRONG 99.999% OF THE TIME JUST LIKE THEM CHICKS THAT B ON MAURY......YOU CAN SAY WHAT YOU WANT BUT HIS CONTRACT IS UP AT THE END OF THE YEAR AND IF HE LEAVES IT'S BY CHOICE....REID HAS ALREADY ESTABLISHED THAT HE WOULD DO ANYTHING 2 KEEP HIM....MONEY'S NO OBJECT....
      ---------------
    put lead in ya and drink a cup of tea

    blood59
    he needs 2 retire...he's great
     

    reddog271
    It's interesting that when you go to Def Jam's site. They have a picture of Jay right at the top.

    What's up MTO?
     

    sosincere
    Yeah o.k J don't care! Im not saying dude is a dummy BUT dont get this twisted. He is loosing alot with this! It takes money to make money and w/ out them payroll checks being used to FUND his private ventures..anyone would take a hit! Im not saying he can't bounce back but BLACK PEOPLE PLEASE! J isnt even on the Forbes 500. He's NOT even on the Forbes 500 ENTERTAINERS! Ya'll act like he got more money than God himself. He is a millionaire. Probably in BETWEEN 10-20'S net worth! Imagine his overhead, his lifestyle and his expenses! 20 million seem like alot to broke people but trust me without his bi weekly check he was getting His girl is worth more than him. She is upgrading dude for sure. AND PLEASE know that J is a 1% owner in the Nets organization. LITERALLY! hE IS NOT MAJORITY OWNER, HE DON'T GET TO SIT IN ON ANY MEETINGS, what he owns is the eqivelant of a share of stock on the stock exchange in the nets organization. Good as a way to diversitize his portfolio but he's not retireing of his Basketball money! Black folks ....I love yall but we really need to take some courses in economics. Im am so serious. Thats the problem. These cats is running around here flashing cash, wearing nice suits and we think they have arrived. Now I did see that he was getting into overseas import and export. VERY SMART. cAUSE THE u.s DOLLAR IS WORTHLESS RIGHT NOW IN THE GRAND SCHEME OF THINGS!
     

    ejizzel
    Jay was never a great or even good record head. Dam Dash was the one that signed Kayne, Jay didnt even want Kayne on the Rock, as for Rihanna and Neo Jay had nothing to do with signing them. Jermaine Dupri knows the record industry, [EXPLETIVE] his father i believe was head of Warner Music at one time when Jermaine was young. Go head JD get that title you deserve.
     

    blackexec
    And......he still got 500 Mil in the bank!

    ===== www.ReddsAttic.com =====

    ===== www.ReddsAttic.com =====

    Lace fronts $99----Nlutooths $9!
      ---------------
    ==== www.HealZoo.com ====

    Heaven
    MTO you got to be kidding me with your disclaimer to other new sources, regarding stealing articles. I somehow doubt they steal your articles, because alot of you 'ish' is made up and straight lies....
      ---------------
    Heavenkissed

    darealestchick
    no comment
     

    diva007
    GO JAY-Z IT WAS TIME FOR YOU TO GROW ELSEWHERE YOU WERE AT THE TOP SO YOU HAVE MY BLESSINGS , I WOULD HOPE SOME OF OUR BROTHERS WOULD TAKE HEED A GROW TO MATURITY COMEIN TIME AND SOME TIMES YOU MUST CHANGE PEOPLE PLACES AND THINGS
     

    MDL219
    Hello Jay did not sign NEO, or Ri-Ri, he signed Tiara-Marie. a flop. He jupmed on the other artists band wagon, after none of the artists except Kayne did any numbers in the begginging. Please rember that J.D. has way more corporate experience than J. Janet may have flopped but Mariah did crazy numbers. He will be a way better CEO, cause he has no rap career to worry about. He has been promoting artists for years if you count Kris-Kross and the Brat, J.D. I am so with you sosincere. Everything you said is so true. All they have to do is, pick up the financial section of the NY Times and they will be able to see what is what.
     

    iluvyellaboys
    J may have been a good career man for himself, but horrible for his artist......I wouldn't trust that man with my future, he's selfish and only thinks about himself, I know LL is happy!

    well now J you can focus on yourself, since that's what you've been doing ever since you were Prez at DJ!

    But please for the love of money, don't come out with another album! it's embarrassing....
      ---------------
    Daddy‘s Little Girl

    iluvyellaboys
    I don't know if JD is a better choice, hummmmm....lets ask Janet.

    ...........She said no! "Did you see the sales of my last album!"
      ---------------
    Daddy‘s Little Girl

    deezy7519
    This is not true the truth is Jay wanted an astronomical amount of money to reup as Prez and Def Jam wasn’t with that. Sorry but someone already scooped yall.
     

    sosincere
    "And......he still got 500 Mil in the bank"

    LOL......IN WHAT TYPE OF BANK? Monopoly? Im swear Im not hating. I want him to GET MONEY! I love to see established black men. But J aint NOWHERE NEAR worth 500 million! If he had 500 million HE WOULD never WORK FOR ANYONE. OMG...again. Please people do not be fooled!
     

    vanilla_one
    I hope they don't think Jermaine is gonna be any better! But seriously Jay was all for himself, that's why all them artist didn't sell. They should get rid of LA Reid too!
      ---------------
    It‘s sooo good it‘ll make you cry!

    fakesmile
    A camel like JayZ has enough fat in his humps to survive.
     

    baller
    Ya'll fail to realize that Jay Z sucked as a president! Seriously, he was for himself and Jermaine would be better cause he has more experience with the business.
     

    Miss612
    lOVE jAY bUT aSIDE fROM rIHANNA hE pROBABLY wASN'T pRODUCING aNY nUMBERS...mAYBE nOW hE cAN tAKE bEYONCE oN hIATUS aND gET hER oFF mY dAMN tV
     

    Bajandobad
    JAYZ signed RIHANNA. I DONT KNOW BOUT NEYO OR KANYE.
    JD'S SUCCESSFUL ARTIST WAS MARIAH CAREY, DA BRAT NEVER SAW THE LIGHT OF DAY UNLESS SHE WAS ON SOMEONE'S SONG, JANET JACKSON MADE A FLOP LAST YEAR. TO ME JAYZ HAS SUCCESSFUL ARTISTS ON HIS LABEL, RIHANNA, NEYO, KANYE. THEY ARE SUCCESSFUL UNDER JAYZ'S LABEL/NAME. JAYZ IS A COMMERCIAL ARTIST SO HE WOULD OBVIOUSLY PROMOTE COMMERCIAL ARTISTS LIKE NEYO, RIHANNA AND KANYE. MEMPHIS BLEEK AND ALL DE OTHER RAPPERS ON ROC RECORDS ARE NOT COMMERCIAL ARTISTS. IF JAYZ LEAVE HE COULD TAKE NEYO, KANYE AND RIHANNA.
    BTW, WAT DOES LA REID DO? IS HE CEO OF THE LABEL OR SOMETIN?
     

    KEEL
    POOR BOO-BOO, LESS CASH, OH WELL, yawnnnnnnn.
      ---------------
    "if you know me, you‘ll know

    sosincere
    I STAND CORRECTED.........
    I just looked and J is actually in the Forbes 100 in Entertainment. His gets 87 Million a year. He actually is worth more that what I thought. I guess thats why you shouldn't assume but he STILL is not worth no 500 million.
     

    muddas05
    this is a good look 4 def jam he was horrile @ promoting artist keyshia cole did waaay better than rihanna in sales & umbrella was huge...JZ was too much 4 self to be running other peoples careers
      ---------------
    OBAMA 2008 AKA The Peoples Champ!!!

    brotherj
    YOW BEY!!! Jay needs a job!!!
     

    hotgrlca25
    Yo im soooo sick of people just hating this damn man because he is the sh*t. How can anyone say he sucks as a president?? Yeah he does make his own music but whats wrong wit that?? He is an artist first, no one ever caught a fight wit MJ when he retired became an owne rof the wizards and decided to come back and get his shine on. Added to that, Def Jam is one of if not the hottest rnb/hiphop record label around. Lets do the math, this year they have 31 grammy nominations...Not to mention the hottest female preformer this year Rhianna/ only beyonce may have had a better year/ also Akeys now that she is back. The best rap album this year which was from Kanye, not to mention Jay's successful American Gangsta album...Did i forget to mention Neyo??? Yeah he was one of the best male rnb acts this year. And for 08' The Dream will be droppin and probably picking up some new comer of the year awards...So lets be real people, the man is gettin it done. Name another rnb/hiphop record label doing it hotter?? Yeah every artist on the label dont have hit records but thats not even possible nor likely for any record label. He is putting out who's hot right now and how people want to hear/see. Im sorry but i really dont think to many people are looking for that new LL Cool J record, LL was the man but right now he aint it, Yah Dig. Keep doin ya thing Jay Z!!
     

    djjay
    Not surprising, Jay has always been for self and most definitely about the money.(which he already has more than enough of!) What he needs to do is stop the bullshyt and take a real break from this industry so B can take one herself...go study pastry making in Paris for a year or something, lol
      ---------------
    MAKE LOVE NOT WAR IN 08!!!

    cat4everrr
    In addition, hundreds of journalists come onto this site to find out what's going on in the Black community - so your theft is not going unnoticed. Blatantly re-report our stories not only damages your reputation as a journalist - but that of your employer


    ---

    yall funny
      ---------------
    Lady D‘Arbanville, the Hard Headed Woman

    bigfella
    @ hotgrl

    Difference between MJ and Jay Z is the fact that when MJ was playing, he gave up his duties as president and general manager.

    Def Jam has always been a hot label, Jay Z came into a situation that was already set.

    Ne Yo was already on the roster when Jay got there. AKeys has been on the label and was due to drop another album.

    The only big thing he did was bring along Kanye to Def Jam, which was probably the main reason that they hired him

    I don't know if it is true or not, but if Def Jam is artificially inflating the sales of Kanye and Jay, so you can dispute whether or not those are successful albums. Also you have to take a look at whether or not those albums are making money. All the promotions and videos are essentially paid by Def Jam. a million dollar video eats up a lot of the profits an album makes.

    Then there is the thing of Def Jam laying 10,000 people before the holidays. Could be due to the change of music formats, bootlegging etc, but at the end of the day it happened on Jay Z's watch.
     

    ChynaRedd1
    ROTFLMAO @ the disclaimer!!!!!!!!!!!!!!!!

    As many pics AND stories I have seen taken by MTO from other sites..... ya'll need to stop!

    Anywho if this is true Jay isn't stunting this HE'S RICH so he'll just go make money somewhere else.

    Why is this news?????
      ---------------
    I only speak GUAPANESE...... BIAYATCH!!!

    da1andonly
    @ muddas05 keyshia cole isnt on def jam she on geffen, i like jay but he's not a good boss, but hopefully he'll learn from this experience and do better with his next job as president somewhere else

    "and not play favorites" :coughs: beyonce, rihanna
     

    iluvyellaboys
    Jay pls retire I am so sick of your music......its rudundant, and meaningless......and what does he mean "he's an eithties baby?" I'm an eighties baby, he's 40. I don't understand what the heck that man be talkn' about, is he in denial.....maybe he's having a mid life crisis, whatever the case maybe, I just hope he retires for good!
      ---------------
    Daddy‘s Little Girl

    Who_Cares_Whos_First
    Jay'll be aight! Dat nicca pockets is swole'r dan KRS 1 nose.
      ---------------
    Joy is so nosey, aint she?

    bigfella
    @ Bajandobad
    You list isn't giving JD his due. The biggest artist you missed was Bow Wow. JD as a solo artist had some success. Like em or not Dem Franchise Boyz, Jagged Edge, Anthony Hamilton, Kriss Kross (you cannot deny their success when they first came out). Usher started under Diddy, but when we started blowing up (My Way) that was under JD.

    I can give you Rhianna, but Kanye West was big under Rocafella and Ne Yo was on the label when Jay came on.
     

    juicy26
    I am s[SPAM]ooo glad! He is a punk bioch and yes I said...BIOCH!!! He has been on my LAST jumping nerve since he ever came out. He is sooooooooo ugly! The only reason he's with Beyonce is because she's more famous. As long as he's in pictures with her...he's still in some sort of spotlight. Ewwwwwwwww, he's a rotten funky mess!
     

    coolest1
    L.L. Cool J deserves the job.
     

    aurevoir
    THE CAMEL SHOULD HAVE NEVER LEFT HIS DAY JOB. NOW HE CAN BE BYONCE'S BI Y A T C H. dUPRI CAN RUN A LABEL MORE EFFECTIVELY AND EFFICIENTLY. SORRY CAMEL.
      ---------------
    ENJOY THE TRIP WHILE YOU CAN

    universalbliss
    yeah i think JD will do a better job also.. bye jay :O)
      ---------------
    ThE dArKer U r, ThE mOr InTeLLeCtUaL...

    UKNOWUAINTRIGHT
    lol@film

    It seemed like they put him up there just because of his success as a big recording artist on their label. Wasn't he threatening to leave def jam and then all of a sudden he was the CEO. He was put up there as a fall guy for an already sinking company. Jay Z being CEO sounded good for publicity but I think most people were sleeping on Damon Dash's contributions to Rocafeller and how he was short changed.
     

    blackgyr30
    ummm this is str8ght bullshiyatt!!! MTO yall lame and this new look yall call urselves sportin is lame!!!
      ---------------
    da blacker da berry........

    Kay718
    Well if this story is true, he still will be good. [EXPLETIVE] all you hatin ass bitches on this site who said anything negative. That camel joke is getting old so come up with something better. Jay has already proven his fame and has invested in plenty of other [EXPLETIVE], so the money will always flow, whether he's running Def Jam or not.
     

    kimkelmor
    @ sosincere:

    Where were you a few months ago when CNN, The New York Post, Fox, MSN and everybody else under the sun, including MTO, posted Forbes new list? Maybe you need to check the archives because Jay Z was at the top of that list, that's right, the first name on the list. That list was strictly based on rap sales in 2006, and didn't even include all his other endorsement deals or the money he was making from Def Jam or from ownership of the Nets. Furthermore, it was established and published a couple of years ago that Jay was worth well over $300 million, and that was 2 years ago. So he probably is worth around $500 million today. Oh, and don't forget it hasn't even been a year since he sold Rocawear for $240 million in one pop. Sorry you underestimate (or refuse to acknowledge) the man's wealth, but it is what it is.
      ---------------
    Kim B.

    richchick
    Congrats inadvance! Jermaine will do a fine JOB...
     

    Nik0
    and the winner is HOV (my man)
    SPEECH


    first of all i wanna thank my connect
    the most important person with all due respect
    thanks to the duffle bag the brown paper bag
    the nike shoe box for holding all this cash
    boys in blue who put greed before the badge
    the first pusher who ever made the stash
     

    kimkelmor
    Much love and respect for Jigga and Bey. I know it's got to be hard being the best.
      ---------------
    Kim B.

    kimkelmor
    Now watch, when Def Jam finishes going under and ends up in bankruptcy, Jigga will be the first person they call up for a loan. lol
      ---------------
    Kim B.

    mzarrogance
    @ bigfella - i cosign...except for the last statement. LOl

    @ whatwhatwhat - LMAO

    honestly, is this really a big deal when jay's contract ended this year? as a man with other lucrative business ventures, he's had a plan b lined up.
     

    universalbliss
    it took me less than 5 minutes on forbesdotcom to determine that jay z is listed number 9 on the celebrity 100 number 1 on the hip hop list, but he is NOT even close to being in the forbes 400 richest americans...
      ---------------
    ThE dArKer U r, ThE mOr InTeLLeCtUaL...

    c
    Now watch Def Jam become an R&B Label like Laface/Arista was! Jay-Z was the last of Def Jam's hip hop swagger! JD had Hot Dolla who flopped! Meanwhile, Rick Ross is Platinum, Rihanna sold some records, Ne-Yo sold some units, Nas and Fabolous went gold too! And ofcourse Kanye! You gotta give Jay some credit!
      ---------------
    Was There Any REASONABLE DOUBT

    mzarrogance
    oh of course he isn't close to the richest americans. bill gates is here. also last generation's multi-millionaires are the new billionaires. he hasn't done bad for himself though.

    hey @ C..stranger.
     

    SherRoyal
    DAMN JAY....WELL I GUESS THAT IS BAD NEWS FOR DEF JAM....YOU'RE STILL A WINNER @COLUMBIA........HOVIES HOME...LMAO
     

    kimkelmor
    1. After selling millions of records, having a net-worth of about $547 million, and having six Grammy Awards to his name, what more is there to do for hip-hop artist Shawn Carter, also known as Jay-Z? Well, to step back in the studio once more and record an album about the struggles as a street hustler. The album came about after being shown the film "American Gangster" in which Jay-Z's record will be no soundtrack to. The movie was merely an inspiration to the rapper. Though movies are released with albums similar to the theme of the movie, it is not common for the album to recorded by one artist. Jay-Z's American Gangster holds potential for different audiences to go out and see the film once released November 2nd.


    2. Along with Damon "Dame" Dash and Kareem "Biggs" Burke, Jay-Z was one of the founders of Roc-A-Fella Records, a hip hop record label. Jay-Z is the richest hip hop Entertainer (followed by Sean "Puffy" Combs, a.k.a. Diddy), having a net-worth estimate of $547 million.[5]

    3. Also check the Panache Report and Fortune Magazine. The figure's still the same...547 mil.

    Not the richest man in the country, but he's damn sure up there in the rankings.
      ---------------
    Kim B.

    ReggieBushGurl87
    [EXPLETIVE] HE WASN'T DOIN ANYTHING WITH THE LABEL ANYWAY.
      ---------------
    Augusta‘s Finest

    MOTHERSHIP
    Hov could have done a whole lot more with that spot besides signing non-singing azzed Rhihanna. Hopefully JD gets it and start addin' some real talent and flava to music and not just young hip-hoppers either. Cause right about not, the music ain't hittin' it.
     

    shauna_623
    o please
      ---------------
    www.thatsmysweetspot.blogspot.com

    ChynaRedd1
    c Flag post
    Now watch Def Jam become an R&B Label like Laface/Arista was! Jay-Z was the last of Def Jam's hip hop swagger! JD had Hot Dolla who flopped! Meanwhile, Rick Ross is Platinum, Rihanna sold some records, Ne-Yo sold some units, Nas and Fabolous went gold too! And ofcourse Kanye! You gotta give Jay some credit!
    ---------------
    So true. I forgot Ross went plat and I think Rhianna first one did too.
      ---------------
    I only speak GUAPANESE...... BIAYATCH!!!

    mermaid
    I just wish he would have done more for the other artists on the label. He did fine with the new talent.
      ---------------
    *****everybody loves me I‘m so fly

    Kay718
    Thanks for filling these Lames that are hating on Jay, for being a success. How many other rappers have done this? If you can't name any shut the [EXPLETIVE] up!!!!!!!!!
     

    Chynadollnay
    I need some proof for that to be proven.I mean for what reason is there.I've never heard of any problems between him and Russell.Keep me Posted

    Chardonnay was Here:)
     

    polo617
    if this is true, at least Jay can concentrate on his artist and promote them the way they should be. or even if they are on Def Jam let LA Reid promote them
     

    Antidumb
    Love the DISCLAIMER MTO, you got to be kidding me, you get MANY stories from other sources, and now that I think about it your the ONLY site I've seen that doesn't link people to OTHER SITES, and help others, T-Z even does that, they have 100's of links.

    FRED MUST BE LEO, or ARIES

    ------------------------------------
    As far as Jay, How is that getting FIRED, getting FIRED is having to leave DURING YOUR CONTRACT?

    Jay's off to COLUMBIA, Jay is a SMART MAN, he knew he was going to Columbia, so he made outrageous demands, so that there was NO WAY, they would want to keep him, to not make it seem like he's DITCHING DEF JAM.

    Anybody can see that, oh wait! maybe you have to be a little smart.

    I know thiking that he got fired makes some FEEL GOOD THOUGH. PATHETIC

    Next time forget what people think Jay, you see how they act anyway. We know Def Jam's synomous with hip hop, but go to Columbia and do your thing.

      ---------------
    Are Our Ancestors Proud??

    cobra
    This new layout sucks, MTO. What idiot approved this? No talent.
     

    Crislex
    MTO DISCLAIMER DONT MEAN [EXPLETIVE]. THEY JUST SAY THAT [EXPLETIVE] BECAUSE THEY GO FROM WORD OF MOUTH. NOW IF THIS IS TRUE THEN THIS IS TURE, BUT SINE I DONT BELIEVE HALF OF THE [EXPLETIVE] THIS SITE SPEW, AND I SIMPLY COME HERE FOR THE PICS, I WOULD RATHER WAIT TILL MSNBC, ASSOCIATE PRESS OR ANOTHER NOTABLE NEWS WORTHY SOURCE LETS ME KNOW. ITS HARD TO BELIEVE A WEBSITE THAT HAS TAKEN FALSE INFORMATION FROM SOULJA BOYS GROUPIE ABOU HIS BREATH, OR THAT BOW WOW HAS UNFAITHFUL ENTOURAGE SAYING HE GAY.....FUCKYALL MTO.
      ---------------
    The Coolest

    champhf
    so this means that he gets more time to kick his feet up and chill? please jay-z is not hurting for cash now he doesn't need to hold back. anyway who cares.....
      ---------------
    tha hate is strong in here...WOW

    qt_pie
    So what? LL mad so they fired him> Doent matter to me one bit. he still that ni88a!! Got money and fly he should win the ESPY!! Anyways MTO gotta lot of nerve talking bout good journalism give them credit yadda yadda since when they give credit when its due? after they photo crop pictures and make up stories, yeah u can tell this is a black publication!! Dummies!
     

    murdadem
    this is the best thing that ever could've happened to def jam.
     

    Crislex
    AND YOU KNO WHAT ELESE IS FUNNY, HOW ALL THESE BROKE ASS PEOPLE COMMENTING ON THE DECLINE OF JAY-S' POSITION AT DEF JAM. THEY SAY CAMEL THIS, BAD BOSS THAT, SELFISH THIS, WELL

    THAT CAMEL LOOKING SELFISH BAD BOSS HAS BEEN LAUGHIN HIS ASS TO THE BANK HASNT HE?

    FUNYN HOW US AS BLACK PEOPLE CAN SMILE ON HOES AND PEOPLE WITH DRAMA, BUT WHEN WE SEE A BLACK SUCCESSFUL MAN OR WOMEN HAVE A SHOT FALL, WE READY TO BEAT THEM WITH A STICK..

    WONT SOME OF YALL HATING BROKE, PROBRABLY UGLY AND IGNORANT AND "HOLIER THAN THOU" PEOPLE HAVE SOME RESPECT AND STOP HATING. YOU MAKE YOURSELFS LOOK LESS THAN WHAT YOU HARDLY WORTH.
      ---------------
    The Coolest

    imgonkeepitREAL
    JIGGA IS TALENTED MY GUESS IS ALL THE HATERS ONLY ADD FUEL TO HIS FLAME
      ---------------
    REAL IS A STATE OF MIND...I RESIDE THERE

    JustTheFactsMam
    oh damn MTO.... two thumbs up... I just read this on the Daily News website and on Eurweb :-) you are indeed getting better, although they added friends of Jay said negotiations hadn't stalled and will continue when he comes back to America.

    I salute you :-) cheers!
      ---------------
    http://www.youtube.com/sm0kah0ntas

    C-Kay
    We Don't Believe you...You Need More People....Roc-A-Fella...students of the game...we passed the class cause nobody can read you cats like we do!!

    First of if Jay goes...Ye Goes. "There number 1 selling artist!" Not only that but Jay's staff and pretty much whomever is happy with Jay being their boss so.....Bad Move..Yall got em in Bad Mood!!
     

    alamony
    Chingy Hate it or Love It 12/18/07Chingy Hate it or Love It 12/18/07Chingy Hate it or Love It 12/18/07Chingy Hate it or Love It 12/18/07Chingy Hate it or Love It 12/18/07Chingy Hate it or Love It 12/18/07Chingy Hate it or Love It 12/18/07Chingy Hate it or Love It 12/18/07Chingy Hate it or Love It 12/18/07Chingy Hate it or Love It 12/18/07Chingy Hate it or Love It 12/18/07Chingy Hate it or Love It 12/18/07Chingy Hate it or Love It 12/18/07Chingy Hate it or Love It 12/18/07Chingy Hate it or Love It 12/18/07Chingy Hate it or Love It 12/18/07Chingy Hate it or Love It 12/18/07Chingy Hate it or Love It 12/18/07Chingy Hate it or Love It 12/18/07Chingy Hate it or Love It 12/18/07Chingy Hate it or Love It 12/18/07Chingy Hate it or Love It 12/18/07Chingy Hate it or Love It 12/18/07Chingy Hate it or Love It 12/18/07Chingy Hate it or Love It 12/18/07Chingy Hate it or Love It 12/18/07Chingy Hate it or Love It 12/18/07Chingy Hate it or Love It 12/18/07Chingy Hate it or Love It 12/18/07Chingy Hate it or Love It 12/18/07Chingy Hate it or Love It 12/18/07Chingy Hate it or Love It 12/18/07Chingy Hate it or Love It 12/18/07Chingy Hate it or Love It 12/18/07Chingy Hate it or Love It 12/18/07Chingy Hate it or Love It 12/18/07Chingy Hate it or Love It 12/18/07Chingy Hate it or Love It 12/18/07Chingy Hate it or Love It 12/18/07
     

    RobRight
    Get off your own dick, MTO. No one respects y'all as a legit news source. Every time I show someone I know one of your stories, they say, "Yeah, consider the source. Thirty percent chance it's true."
     

    cute4life
    ok
      ---------------
    myspace.com/chrisbrown2k8

    ShoSexy
    "I just read this on the Daily News website"

    Yeah and they published it yesterday as well as Boss.ip and since the Daily News is a newspaper and it comes out first thing in the AM MTO is NOT the first to put this out... [SPAM]
     

    imawriter
    Oh, my! Isn't this a great way to start a weekend and he just celebrated his birthday?? I'll believe it when I hear it from a rep at the record label.
      ---------------
    www.theblackspotlight.com

    uniquestylezz
    Jay-Z Can come work for me anytime I am looking for a CEO and I think he may fit the qualifications!!!

    Check out myspace http://www.myspace.com/MZUNIQUEMUSIC
     

    sitfu
    who cares....next!

    sitfu.com
    Taking a Closer Look at the Stories Ignored
    by the Mainstream Media
     

    dwjenae3
    AN DIS IS NEW NEEEEEEXT
     

    sosincere
    KIMKELMORE.....
    I coulda swore I said I stand corrected. Maybe you didn't read that part. I am a stand up kinda sista. When iM WRONG i ADMIT IT. tRUST! But darn 500 million...Thats whats up! But now I got a whole another problem....How much did he give to Katrina? But get money black man! Peace be unto to him and his! ....lol
     

    SthrnMsCiara
    OH SO IS IT STILL JAY-Z FAULT THAT ALL THEM PEOPLE GOT FIRED NOW!? BECAUSE THEY GIVIN JAY ANOTHER !) MIL TO STAY ON!?!? [EXPLETIVE] idiots! NOW HE FIRED TOO so blame him again! it's ok cause everybody know with or without Defjam Jigga man goen ALWAYS be ok. Either way he fall on a stack of money and he need to have his own label anyway! Dueces to Def Jam.
     

    FendiFiend
    I'm so not surprised. I'm actually happy. Jay-Z sucked as President of Def Jam, especially if you compare what he did to Lyor Cohen (look at how many years Lyor ran the label). Def Jam really should have seen that the only person moving units at Roc-A-Fella was Jay-Z. Jay-Z had no loyalty to any of the artists at the label other than (maybe) Kanye. We see how he sold Damon Dash out. What he did makes enemies and I'm surprised he's not a mark for it.

    Jay-Z is too egotistical. It's a conflict of interest to have an artist's ego and run a label. If you've retired, be that. Take some of your energy and focus it either on younger artists or semi-established artists who he could flourish with greater exposure and major label support. That's what a great President would do and that is the antithesis of what Joe Camel did.

    In his words, "...poof, vamoose, son-of-a-b!tch." :)
      ---------------
    MTO = Mundane Topics Online

    SthrnMsCiara
    OH SO IS IT STILL JAY-Z FAULT THAT ALL THEM PEOPLE GOT FIRED NOW!? BECAUSE THEY GIVIN JAY ANOTHER !) MIL TO STAY ON!?!? [EXPLETIVE] idiots! NOW HE FIRED TOO so blame him again! it's ok cause everybody know with or without Defjam Jigga man goen ALWAYS be ok. Either way he fall on a stack of money and he need to have his own label anyway! Dueces to Def Jam. and DAME DESERVED to be let loose he wasn't handlin business right any foo could see dat he was too busy playin. He was always known for not showin up to meetings and [EXPLETIVE] again CHILE BOO All of JOE CAMELS DECISIONS were SMART business moves POINT BLANK PERIOD!
     

    confusion
    Are you the same people as 1swag.com- Mel-man aka Emoney?? cuz you're both running the same exact "story". just wondering.
     

    hotboip24
    JD WILL DO GREAT
    AND NUMBER WISE RIHANNA IS A BIGGER DISSAPPOINTMENT THAN JANET'S LAST CD...FOR THE LEVEL THEY'RE TRYNA PUT THIS CHICK ON SHE OPENED WITH 150K OPPOSED TO JANET AT 300K.....SHE'S HOT BUT SHE AINT PUSHIN UNITS LIKE THAT....
    JAY AINT REALLY BLOW UP DA SPOT LIKE THEY THOUGHT HE WOULD ANYWAY
     

    honey_do
    MTO seems like you may be suffering from an inferiority complex, with the way you keep tooting ur own horn. If this is real, we will all know in due time, in the mean time stop stressing, smoke some of that Cali green, and relax we know where we get our info!!!
      ---------------
    sexy is as sexy does.....

    datatlantadude
    Jay-z sorry to here you go bruh.. but you should have left b4 they got rid of u.. You can't say LL didn't try to warn that it was coming. JD, don't go for it.. I dont think any artist part time artist or whatever.. should run a label of that magnitude and status.. Give it back to the EXECs..
     

    Sexymimi1124
    thats some b*llsh*t, this aint true. If it was every new channel would broadcast this even mtv news would have broadcast this!!! THIS ALL FAKE!!!
     

    mygudness
    Good, no big deal. Now maybe he'll go on another major tour. I ain't seen that man since "The Hard Knock Life Tour".
     

    BabyGirlMrs
    WHATEVER... I DON'T BELIEVE THIS. IF THIS WERE TRUE, Y ISN'T IT THE TOP STORY? WHATEVER MTO. I'LL BELIEVE IT WHEN I SEE SOME PROOF.
      ---------------
    You See Me?..... Hi Hater!

    tstarr123
    Jay Z is number 9 or the FORBES richest celebrities. It says that He made 83 million this year alone and sold his share in Rocawear for 204 million. He has a net worth of about 547 million dollars. He is far from being broke.
     

    miketyson
    What happen to that bs " Def Jam x-mas gift ". Def JAM is maken room to give JAy-Z 10 mill. You guys are full of sh.t, no credible information on this site.
      ---------------
    blakfist

    Stupid
    I literally had to create an account just so I could leave a post on this story. I mean I stop by the site every now and then, mainly when I'm bored at work, to read up on a little gossip or made up stories. But did Media Take Out really give a lecture on "Good Journalism?!" Are ya'll serious?! Ya'll will make up a story about Jada Pinkett eating waffles and call it news...Is that good journalism?! Get a life!
     

    EBZ01
    Nah I haven't heard THIS .... what I've really heard is that since his album American Gangster was as they put it such a dismal failure that it's caused DEF Jam to give a lot of folks their walking paper and one label under Def Jam BUT NOT that Jay-Z was one of them I've read that it's not affecting any major artists or other major acts so um...yeah.
      ---------------
    Still UGK for LIFE!!!!!

    shelly78945
    u r a great man, but i just found out your secret that you have joined an online club seekingsugar.com, by which you are seeking a sexy girl for extramarital relationship.
     

    trueSTARs
    jay whole style is lame. why he gets so much props.
     

    Prettylady4life
    THEY THINK JERMAINE DUPRI CAN DO A BETTER JOB, NOTTTTTTTTTTTTTTTTTT! THE ONLY THING HE WILL DO IS BRING ON WASHED UP JANET.
      ---------------
    I say what I mean & I mean what I say

    baby-roxy2012
    I LOVE THIS MAN YUH KNO HE N BEY OR DA [EXPLETIVE]
      ---------------
    ღGιάnnίღ

    techieswife
    @410finest...

    Jay didn't sign Teairra Marie, Damon Dash's goofy a$$ did - so the blame for the horrible production and promotion on her album rests solely on Dame's shoulders.

    I would be more inclined to believe that Jay was the one that decided not to continue on at Def Jam as President. Don't know why, but I have a feeling he's either planning to go back to recording full-time, or focusing on Roc-A-Fella itself rather than staying on at the helm of it's parent company.

    One thing I do know for sure, if he is leaving D.J., he'd be smart to use his free time to straighten out things at Rocawear... Hmmm... That's all I'm going to say...
     

    Honesty24
    M.T.O HAS ALOT OF DAMN NERVE COMING ON HERE, TRYING TO TAKE PRIDE IN THEIR PROPER ETIQUETTE AND JOURNALISM SKILLS. THEY REALLY NEED TO QUIT AND GET REAL. HALF THE SH!T THEY TALK ABOUT ON HERE IS BULLSH!T AND DOES NOTHING BUT TEAR DOWN BLACK PEOPLE. WERE ALL BUT TOO HAPPY, TO BE THE FIRST ONES TO COMMENT ON IT TOO. EVEN WHEN KANYE'S MOM DIED, THEY DIDN'T GIVE THEIR CONDOLENCES UNTIL EVERYBODY GOT ON HERE AND GOT MAD ABOUT HOW TACKY THEY WERE BEING. ALL M.T.O CARES ABOUT IS HAVING THE SCOOP FIRST, UNDERSTANDABLE, BUT TACKY AT THE SAME TIME, WHEN IT COMES TO CERTAIN TOPICS.
     

    LadyLuck007
    good riddins
     

    PrincessPeaches18
    It's about time Jay sucks he ain't [EXPLETIVE] he should sit back and let Beyonce' make that chedder now cause she's the only 1 hot now.
     

    Antidumb
    shelly78945 Flag post
    u r a great man, but i just found out your secret that you have joined an online club seekingsugar.com, by which you are seeking a sexy girl for extramarital relationship.
    --------------------------------------------------------------------------
    I hope YOU DROP DEAD, and get RUN OVER BY A CAR.

    PATHETIC

    "THE DEVIL IS ALIVE"
      ---------------
    Are Our Ancestors Proud??

    Maria121
    when you hear rumours like this....its usually true.
     

    TheMan00
    Im ji glad for defjam for making this move, becuz it was a smart one. just look at there artist's record sales. rihanna nor neyo has sold a million units even tho rihanna is certified platinum. bobby valentino's album which was really good by the way didnt sale becuz there was no promo, and his first album was either approaching platinum status or did go platinum. jay has way to many obligations to try to run such a prestigious position such as being the head of a major record label. and everybody keeps talking about janet but truth be told she sales albums. at her least she'll go platinum how many female artist these days with tons of hits and airplay along with publicity can even do that. janet did this without airplay and lack of video support. she sold double what rihanna did. her album was underpromoted as well. rihanna has so much publicity and a ton of hits and airplay and she can barely reach platinum status. in reality her album kinda flopped. island/def jam has far more than just hiphop artist on it. it needs to be ran by someone who can take the job on like a pro and promote all the artist not just ones they choose to. jay has way to much on his plate anyway. hell be aite. but like somebody said they try to promote rihanna like she is so huge. lmao she cant sale her way out of a wet paper bag. as huge as umbrella was u would have thought that by now her album would atleast be 2x platinum and she aint even close. and jd does know this business very well. but i think that he will just run the urban department of def jam.
     

    special
    I am so tired of MTO putting that disclosure underneath their comments. They get their references from other sources so they need to Stop whinning - who cares that they call themselves the most visted Black Site. All they do is talk s-hit about people, very rarely is it something positive. That's what they want accolades for? Give me a break. It doesn't matter who has the info first, if mto doesn't give it to us we'll get it elsewhere. Next....
     

    DaMile
    ABOUT DAMN TIME
     

    tangela
    He and beyonce are SOOOO overrated. So what!
     

    crazyass
    How can this be MTO? YOU just wrote less than a week ago that they were offering him 10mil to stay. You can't have it both ways MTO. At least admit that your sources are full of sh it.
     

    Kinsnspace
    PEACE,FROM THE BAY!
    THINGS ARE REALLY TOUGH EVERYWHERE.

    COME VIBE;
    MYSPACE.COM/KINSNSPACE
    KIN CAMELL@IMEEM.COM
     

    nealgoodlife
    I saw this one coming, dude is not even in the office........I smell a nosedive lol

    [SPAM]________
    http://www.liveagl.com/
    Entertainment, Events, Fashion In Toronto and The Globe
     

    lonnydan
    GOOD FOR HIM AND HIS UGLY AZZ MAN BIIITCH. KARMA IS A MUTHAFUKA BIIIITCH, REMEBER WHAT YA DID TO FOXY B AND GOD AINT THROUGH WITH YO PUUUUUUUUSY AZZ YET BIIITCH, U AND THAT MAN U GO WITH
     

    ThaKidd123
    YOU AIN'T GETTING IT YOU AIN'T GETTING IT WE NOT TALKING ABOUT IT CAUSE U LOSING IT (DONT WAIST YOUR TUME TRYING TO GET DEF JAM BACK)
     

    callicrew
    GOOD. TIRED OF HIS GREEDY ASS ANYWAY. FIRED. LMAO!
     

    callicrew
    JAYZ JUST PROMOTED HIMSELF, RHIANNA AND NEYO. POOR BOBBY VALENTINO.
     

    stophatin129