El-P Responds To The Def Jux Deathwatch: "Reports Of Our Demise Have been Mildly Exaggerated," And/Or "Maybe We Can Turn This Hoopty Into A Hovercraft"
Def Jux boss El-P has posted an open letter in response to widespread reports that the venerable underground hip-hop label was poised to shut down, announcing that that's not exactly what's happening. What is happening: El-P personally is "stepping away from my duties as artistic director for the label to concentrate on what I love most: being a producer and an artist full time." Def Jux will be put "on hiatus. We are not closing, but we are changing." What it's changing into is left pretty vague, other than the hoopty-into-a-hovercraft thing. Read the whole thing (a lotta wistful thank-yous ahoy) here. 
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