February 6th, 2012
04:12 PM ET
While his "X Factor" colleagues say their farewells, Epic Records Chairman/CEO L.A. Reid is signing on for another season.
Both Fox and a rep for Reid tell CNN that the record exec will be a mentor/judge alongside Simon Cowell once again.
Reid is the last man standing with Cowell, as former mentors/judges Nicole Scherzinger and Paula Abdul, as well as former host Steve Jones, all exited the reality competition last week.
There's speculation as to why Reid is sticking around, with some pointing to a possibility that he was the best received by the audience last season. He's also the one who's signed "X Factor" contenders, including season 1 winner Melanie Amaro, to his label. In addition to Amaro, Reid has brought Chris Rene, Marcus Canty and teen rapper Astro into the Epic Records fold.
As for who will join Reid and Cowell at the judges' table, we'll have to wait and see. There are rumors that Mariah Carey is being considered, but who would be your picks?
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