L.A. Reid to quit `X Factor`

London: Singer L.A. Reid is quitting `The X Factor` to return to the Epic Records label.

The 56-year-old has decided not to be a part of the show as a judge in 2013, because he wants to focus on his role as chairman of Epic Records, reports contactmusic.com.

"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," Reid told accesshollywood.com.

However, it won`t affect his friendship with `The X Factor` boss Simon Cowell.

"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," Reid added.