Times Square Gossip

**** X FACTOR FASHION STYLE **** L.A. Reid Next week marks the finale of hit television show The X Factor. With only three acts left, judge L.A. Reid is bringing his A-game, not only with his Country & Western finalist, Tate Stevens, through his fashion as well. Providing Mr. Reid with his signature X Factor style this season is none other than Italian fashion designer, Domenico Vacca. Grammy Award-winning producer and songwriter Antonio ‘L.A.’ Reid is among the most influential names in the music industry. As Chairman and CEO of Epic Records, L.A. Reid an X Factor judge along with Simon Cowell, Demi Lovato and Britney Spears. Not only is L.A. Reid known for nurturing and discovering some of the best talent in the music industry, including Usher, Mariah Carey, Kanye West, Justin Bieber, Rihanna, Bon Jovi and many more, he has also been recognized for his sharp sense of style, which is enhanced by his long-time appreciation of Domenico Vacca and his di...

**** THE HAMPTONS GOSSIP **** L.A. Reid Social Life Magazine celebrated the close of the Hamptons summer season with August Issue Release Party, honoring L.A. Reid, August cover star, on Saturday, August 25, 2012. Publisher Justin Mitchell and Editor-in-Chief Devorah Rose hosted the cover party, sponsored by Platinum Properties, at the Social Life Water Mill, NY Estate where guests included L.A. Reid and his wife Erica, Real Housewives of New York’s Sonja Tremont-Morgan, Philanthropist Jean Shafiroff, East Hampton Studio Owner Michael Wudyka, Rand Luxury Founder & CEO Bradford Rand, Owner and Creator of Elegant Affairs Andrea Correale, and Douglas Elliman Chairman Howard Lorber. Party-goers enjoyed the last Social Life soiree of Summer 2012 with entertainment provided by singer and songwriter Madame Mayhem. Publisher Justin Mitchell, said “we are thrilled to have Madame Mayhem here for the night, it’s the perfect way to cap off the summer.” Editor...

Jay Z. Wants More Money ! Jay-Z could be fired as the CEO of Def Jam records after making huge pay demands.The rapper - who was hired by L.A. Reid, the chairman of Island/Def Jam, two years ago - has his contract up for renewal this year.But bosses have baulked at his outrageous cash demands. A source told the New York Daily News newspaper: "Jay is asking for several million as a base salary plus big bonus 'bumps' on records that do well. Reid isn't going for it. They're miles apart."Since taking the position Jay-Z has invigorated the company by signing a host on young artists, including Rihanna and Ne-Yo, while his own album 'Kingdom Come' has been a huge worldwide success. Insiders claim Reid is questioning how much time the rapper can devote to the label now he has come out of his own self-imposed music retirement and is touring again. The singer's other time-consuming business interests include his chain of 40/40 nightclubs and stakes in cloth...