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Another Stunner at 'American Idol': Mentor Jimmy Iovine Out, Likely to Be Replaced by a Familiar 'Idol' Personality deadline.com

Jimmy Iovine, the legendary music producer who is also the co-founder of Interscope Records and chairman of Interscope Geffen A&M, is out at "American Idol," reports our friend Nellie Andreeva at Deadline.com.

Iovine, who mentors the contestants on the show, "joined Idol in Season 10, the first without original judge Simon Cowell," Andreeva writes. She continues: "With his music executive/producer experience and no-nonsence attitude, Iovine was tipped to fill the void left by the acerbic British music executive. His Interscope Geffen A&M also took over from Cowell’s label in handling the albums of the 'Idol' finalists."

The story gave no reason as to why Iovine is leaving the show.

So who might replace Iovine as a mentor to the show's "Idol" wannabes? Well, none other than former "Idol" judge Randy Jackson, Andreeva writes.