I.B. on L.A.

YOU’LL LOVE L.A.: As L.A. Reid prepares to take the reins of the new Epic, he’s getting glowing reviews for his other job. Those who have seen some of the early X Factor tapings say Reid is a natural, exuding charm and looking sharp, while Simon Cowell has reactivated his familiar dominating superstar persona. This tidbit and the breaking-news item directly above are culled from I.B. Bad’s latest column, expanded for the long weekend. Word to the wise: if you’re in the music biz, you really can’t afford to miss it. (6/30p)