Credit: Ray Mickshaw/©2013 Fox Broadcasting Co.

It’s been almost a month since The X Factor’s winning duo Alex & Sierra sang their hearts out on the Season 3 finale and we still haven’t heard if the show will return for a fourth season. Now, finally, a top executive over at Fox is spilling the TV scheduling beans.

When quizzed by reports at the Television Critics Associations winter press tour, Fox Chairman Kevin Reilly insisted “no decision” had been made regarding X Factor’s future in the U.S. This despite show head honcho Simon Cowell’s confident assurance X would be back, it just might not feature him on the judging panel.

Kevin explained Fox’s slow action on X Factor by stating the harsh truth: Season 3 ratings tanked.

“The show underperformed this year. Simon himself would admit that,” the exec told reporters. “If the show were to come back, it would not be in the current format that we have.”

Although the tight-lipped top man didn’t elaborate on what “current format” changes might include, spoiler king Michael Ausiello tells us Kevin did confirm speculation that Simon’s onscreen role “could be diminished or eliminated altogether.”

Other rumored changes in the works include a new night, new judges on the panel (Demi Lovato’s already announced her plans to leave), and, potentially, alterations to the voting rules as rumored for the U.K. version of the series.

That is, if we even see another X Factor...

Source: TVLine

Elisabeth Kramer is an Assistant Editor at Wetpaint Entertainment and our resident Downton Abbey expert. Follow her on Twitter and Google+!