Louis Walsh admitted he is having second thoughts about quitting The X Factor after a decade on the judging panel.
Louis Walsh has said that Simon Cowell sacking him because of ageism was a "big mistake".
The X Factor judge has said he feels vindicated after reaching a settlement with the publisher of The Sun after it printed a libelous story.
Louis Walsh has finally signed on the dotted line for the new series of The X Factor, he confirmed on the Colm Hayes radio show.
The longest-serving judge revealed, "I knew I was doing the show but I just signed the deal and I'm very happy with it. At my age you have to keep working!"
The fourth judge is still to be announced, although Spice Girl Mel B - who has previously made guest appearances on the panel - is said to be the frontrunner.
Louis Walsh has arrived for his last X Factor launch after the long-time judge announced he will quit the show after this series.
Robbie Williams has already emerged as favourite to replace Louis Walsh when he quits X Factor after the next series. The singer currently leads the betting at Ladbrokes with odds of 6/1.
Former guest judges Rita Ora and Mel B have been given odds of 7/1, or it's an 8/1 shot that Simon Cowell or Cheryl Cole will rejoin the panel.
Keep up to date with the latest X Factor news ahead of the news series on the X Factor website.
Louis Walsh will bow out of the X Factor after the next series. The 61-year-old has been part of the ITV show since it first launched in launched in 2004. Speaking to the TV Times he said: "I'm happy this is going to be my last year. I've been judging X Factor for 10 years so I've done it all."
Louis Walsh added: "It was never in my plan to be on TV but Simon (Cowell) put me there. I'm very grateful to him but I need my life back!. I'm going to be managing Shane Filan from Westlife and I'm putting together a new boyband."
The X Factor judge Louis Walsh has said he was satisfied to have been vindicated but still "very angry" at the way he had been treated by The Sun.
Speaking outside Dublin High Court, he said he was "absolutely gutted and traumatised that these allegations against me should have been published".
The lawyer for X Factor judge Louis Walsh has said that his client's case highlights a "fundamental problem" that he hopes Lord Justice Leveson's report will address.
– Paul Tweed, lawyer for louis walsh
The serious consequences of worldwide dissemination online of a defamatory story is a fundamental problem which Lord [Justice] Leveson's report, to be published tomorrow in the UK, will hopefully address on the principle that prevention is always better than cure.
Louis Walsh's lawyer said after today's verdict that the story about his client "should never have been published".
Paul Tweed confirmed that Walsh would be paid damages of more than £400,000 along with his legal costs.
He added that the case highlights the "serious damage that can be inflicted on an individual ... by the publication of totally unfounded allegations which, in the age of the internet, can circumnavigate the globe in a matter of seconds."