Jay-Z To Stick with Def Jam

Despite rumors of Def Jam president Jay-Z leaving his label to step over to Columbia Records, the hip-hop mogul has stepped up and clarified that he will be doing no such thing. In an interview with Hot 97, Jay-Z stated that he wanted to renew his contract with Island Def Jam, who have also recently brought in Jermaine Dupri to head of their urban division. Healso stated that he currently has no plans to record a new album anytime soon.http://www.411mania.com/music/news/57998/Jay-Z-Denies-Plans-To-Leave-Def-Jam.htm