L.A. Reid Has High Hopes For Jay-Z's Blueprint 3

The Island Def Jam chairman also says he still believes in Jermaine Dupri.By Shaheem Reid L.A. Reid Photo: MTV News Island Def Jam chairman is watching to see what Jay-Z does with Blueprint 3 just as (or even more) intently as the average Hov fan. The record exec says it's not unrealistic to think the album will come out on Def Jam instead of through his Live Nation deal. "We still have an arrangement with Jay-Z," Reid said recently in Los Angeles. "He and I are really good friends...

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