Judge L.A. Reid leaving 'The X Factor'

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LOS ANGELES, Dec. 14 (UPI) -- L.A. Reid told "Access Hollywood" he will not return as a judge for a third season of "The X Factor."

The Epic Records boss currently serves on the panel for the Los Angeles-based singing competition show, alongside Simon Cowell, Britney Spears and Demi Lovato.

"I have decided that I will not return to 'The X Factor' next year," he told "Access Hollywood."

"I have to go back and I have a company to run that I've kind of neglected and it saddens me a little bit, but only a little bit," Reid said. "It was a nice break, it was a nice departure from what I've done for the past 20 years, but now I gotta go back to work. ... I have a huge responsibility to a roster of artists and it's kind of time for me to stop doing the 'me' show."