Jay-Z Quits Def Jam

Guide Note: Jay-Z has decided to step down as president of Def Jam recordings because "It's time for me to take on new challenges". Sources have reported that after Universal declined his proposal for more lucrative terms, Jay-Z decided to quit.
Fast Facts:
- Def Jam is a subsidiary of Universal Music Group
- Jay-Z was the president of Def Jam for 3 years, signing new artists such as Kanye West and Rihanna.
- Also try: Jay-Z
Jay-Z Quits Def Jam News
- Google News: Jay-Z Quits Def Jam
- TMZ: Jay-Z's Ditches Def Jam Prez Post (December 25, 2007)
- The New York Times: Jay-Z to Quit His Day Job as President of Def Jam (December 25, 2007)
- CNN.com: Jay-Z to Exit Presidency of Universal Music Label (December 24, 2007)
- Billboard.com: Jay-Z To Step Down As Def Jam President (December 24, 2007)
- MTV News: Jay-Z Stepping Down As Def Jam President/CEO (December 24, 2007)
- E! News: Jay-Z Won't Jam On (December 24, 2007)
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