Another “Over 25” has fallen on The X Factor — and this time, it’s L.A. Reid. When Fox’s other reality singing competition returns for Season 3, the major-label exec and noted record producer — who threw a hissy fit when he was assigned the oldest group of contestants during the show’s current installment — won’t be on the panel.
“I have decided that I will not return to The X Factor next year,” Reid told Access Hollywood, citing his job as chairman and CEO of Epic Records as the reason for his exit.
“I have a company to run that I’ve kind of neglected and it saddens me a little bit, but only a little bit,” the music mogul explained. Reid added that he feels “a huge responsibility” to the acts at his recording label, so “it’s…
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