LA Reid Announces That He’s Quitting ‘X-Factor’

Sad news (perhaps) for X-Factor fans. This week, LA Reid announced that he will not be returning to the show. He confirmed his departure in an interview with Access Hollywood:

‘I have decided that I will not return to The X Factor next year. It saddens me a little bit, but only a little bit. I have a company to run that I’ve kind of neglected. I love Simon. We have a great relationship. We have fun together, we talk, we laugh and do bad things, we’re friends. This was a nice break but now it’s time to get back to work.’

What do you think of Reid’s departure? Will it hurt or help the upcoming season?