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Slideshow Sponsored Links "X Factor" judge L.A. Reid quitting TV talent show Tweet Share this Email Print Related News Britney Spears, Taylor Swift are top-earning women in music Wed, Dec 12 2012 Korean pop rides "Gangnam Style" into U.S. music scene Fri, Nov 30 2012 "Avengers", Adam Levine lead People's Choice nominations Thu, Nov 15 2012 Analysis & Opinion Essential reading: GOP in a difficult political spot in tax fight, and more Related Topics Entertainment » Fashion » Television » 2012 in breakups Celebrity relationships that came to an end this year. Slideshow Judge L.A. Reid poses at the party for the television series ''The X Factor'' finalists in Los Angeles, California November 5, 2012. Credit: Reuters/Mario Anzuoni LOS ANGELES | Fri Dec 14, 2012 2:04pm EST LOS ANGELES (Reuters) - L.A. Reid, "The X Factor" judge, says he is leaving the TV talent show next season after two years on the panel. Reid, 56, chairman and chief executive of Epic Records, told "Access Hollywood," the television program and website, he has decided to leave the Fox reality singing show to return to the record label full time. "I have decided that I will not return to 'The X Factor' next year," Reid told "Access Hollywood" late Thursday. "I have to go back and I have a company to run that I've kind of neglected, and it saddens me a little bit, but only a little bit." He added that the show was "a nice break, it was a nice departure from what I've done for the past 20 years, but now I gotta go back to work." Fox declined to comment on Reid's departure on Friday. Reid joined "The X Factor" when Cowell introduced the show in the United States in September 2011. Reid sat alongside Paula Abdul, former Pussycat Dolls singer Nicole Scherzinger and Cowell. Cowell fired Abdul and Scherzinger after a disappointing first season and brought in pop stars Britney Spears and Demi Lovato. But "The X Factor" audiences have dropped this year to an average 9.7 million from about 12.5 million an episode in 2011. The show broadcasts a two-part finale next week with the winner earning a $5 million prize and record contract. Epic Records, a unit of Sony Music Entertainment, which commands a roster of artists including Avril Lavigne, will sign the winners of "The X Factor." (Reporting by Piya Sinha-Roy; editing by Jill Serjeant and Jeffrey Benkoe) Entertainment Fashion Television Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. 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