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MARKETPLACE:  Auto | Jobs | People Search | Personals | Travel | Yellow Pages  January 14, 2005
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Entertainment: Jay Z slides into presidency of Def Jam records
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NEW YORK Rap artist Jay-Z may be giving up his recording career, but he's not giving up the music business.

The multi-platinum artist is taking over as the president of Def Jam records in January.

Rumors about the move have swirled around the music industry for months, but the decision wasn't finalized until today. As Jay-Z steps into his new job, he's bringing one rap label with him.

Def Jam is taking over Roc-A-Fella records, a company that Jay-Z founded and which includes big name acts like Kanye West and Beanie Sigel. Def Jam previously owned 50 percent of Roc-A-Fella and now is buying the rap label in its entirety.

Jay-Z starts his new gig with Def Jam on January third.

Copyright 2004 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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