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J.D Gets FIRED!+Biggie's Mom Reaches Out To Lil Kim?+Other Ish

That's a wrap for Jermaine Dupri. He's been terminated as Head of Island Def Jam. No word on why but his termination takes place immediately. Damn. First Jay-Z leaves as head of Def Jam, now J.D. is kicked out as a sub-head. Rough times all around. So after Lil Kim popped off about being pissy with Voletta Wallace and Diddy for misportraying her as a simple groupie jumpoff in Notorious, Voletta said her own piece. And now she wants to talk to Kim to clear things up:
ESSENCE.COM: (Laughs.) Definitely. Is there something you discovered about your son and his legacy while watching the film? WALLACE: (Laughs.) I gained strength from it. There were things about him that I never knew that I wanted to see for myself on film. I saw a side of my son that I heard of but I haven’t accepted. I’m angered by certain things, disappointed and shocked. So this film taught me tolerance and to be less critical. I would love to speak to Lil’ Kim, because I need to ask more about this love relationship because I really didn’t like the way he treated her and I’m praying that that’s not it. Only she can answer those questions. She’s a sweet girl and I didn’t think she deserved to be treated the way he treated her, if that’s the case.

I'm sure Kim's thinking too little too late. But I'm sure she was well aware of the "situation" b/w her and BIG and Voletta at the time--so this whole movie shouldn't even be a surprise.
And speaking of Voletta, here's her and her grandson Christopher Wallace, Jr. ringing the NASDAQ opening bell this morning: Fun times. More when you read the rest....

MTV & BET Get Hit By The Recession+Diddy vs. Idris Elba As James Bond

The folks at Viacom are cutting their expenses and staffers by 7% to prepare for economic changes. We received the official press release from MTV giving the details--850 people will be laid off in the company--which consists of the BET network, MTV network, VH1 network, etc. And they started this week--we hear some staple hosts have been laid off already and entire departments have been laid off. On the flip side--maybe we'll start seeing more music videos on the music video channels.

Kelly Rowland Is Ditching Manager Mathew Knowles...For Simon Fuller?!

A source who works very closely with SONY/BMG tells us that Destiny’s Step-Child singer Kelly Rowland is set to change lanes when it comes to her her manager and career. Yeah we've heard this rumor before, but this time it seems quite legit. She was recently spotted meeting with 19 Entertainment’s Simon Fuller, who she is expected to announce as her new manager at the top of the year. We predict her current manager Mathew Knowles ain't gonna like this. Simon is the current manager of international acts like The Spice Girls, Annie Lennox, Carrie Underwood and David and Victoria Beckham. And Kelly may not be the superstar that her group member Beyonce is in the United States, but the singer is a mega-star in Europe where she has been playing arena-size venues with the biggest international pop acts. Apparently 27-year-old Kelly is tired of playing the backseat to Beyonce who is also managed by Papa Knowles and intends to ax B's daddy in the coming weeks. More on this story when you read the rest...

EXCLUSIVE: Deelishis Splits With Fiance?!+V-103's Porsche Foxx FIRED...AGAIN?!

Because we were all sitting around twiddling our thumbs waiting on an update about this couple </sarcasm>: London "Deelishis" Charles has split from her fiance Orlando that she's been flaunting around everywhere and on magazine covers.  They've been engaged for over a year now but apparently have landed on Splitsville. On her official Facebook page, she

YBF EXCLUSIVE: Wendy Williams' Staff FIRED!

Three sources inside The Wendy Williams Experience camp have dished to TheYBF.com that Wendy's staff was fired last night.    Her sidekick Charlemagne Da God and Trev Hollywood were specifically named as getting the ax and other behind-the-scenes folks were fired as well. Yesterday was their last show. They were told they would not be replaced and their positions will be eliminated completely.  Damn!  No word on if Goose has been fired as his name was not specifically mentioned. We're also told that Nicole Spence, the Talent Booking victim of those sexual harassment charges filed on Wendy and her husband Kevin, settled for an undisclosed amount of money and hasn't worked at WBLS (the show's home station) since she received that money.  The whole crew treated her like an outcast after all the drama popped off.   Our sources also confirm that the entire Wendy WIlliams Experience and Wendy herself are getting the axe in '09 as soon as her contract is up.  And we called it months ago. You heard it here first. More on this drama when you read the rest...

YBF Exclusive: Wendy Williams Almost Dunzo!

First Miss Jones gets the ax, now Wendy?  Sources, who are as close to the horse's mouth you can possibly get, exclusively tell TheYBF.com that the Queen of All Media Wendy Williams was "asked to take a couple days off" from "The Wendy Williams Experience" until next week sometime.  Her bosses aren't calling it an official suspension but we all know the damn deal.  I'm also told the Experience is NOT a go for 2009, so she's gettin