Rumours in the New York Times yesterday that Island Def Jam boss LA Reid is sounding out Jay Z for a senior executive post at the Universal division. If true, the move is most likely in response to reports Jay Z was considering forming a business partnership with a rival major, aside from his existing partnership with Universal and Damon Dash through the Roc-A-Fella outfit, which many reckon will be completely bought out by Universal next year as tensions between the two hip hop moguls grow.
IDJ's official line is that no position has been offered to Jay Z. Other sources say he was offered an executive post, that he turned it down but that he is now reconsidering.