Britney Spears has had a rough couple of months. But she really isn't THAT different than the rest of young Hollywood. So why would Jive Records decide to drop her album and HER from their label? They believe her record won't sell because of all this bad press. Britney's management is insisting that she is over this "rocky period" and is telling her to keep singing. But Cindy Adams has a source that claims Jive is going to officially give Brit Brit the ax any day now. When contacted Jive records had a different story. A rep said, "Jive's relationship with Britney is fine. She continues to be one of our biggest worldwide artists and we remain 1,000 percent committed to her career." So who knows? We will just have to wait and see.

But sources tell us Spears faces imminent axing by her music label, Jive Records, which is "going to drop her any day now." That word follows our colleague Cindy Adams' report on Wednesday that Jive execs have decided "to drop [the album] - and her." Spears spent hours in Jive's New York studios last month, but produced sub-par tracks. In addition, her hard-partying ways have damaged her image. Spears' manager, Larry Rudolf, insisted yesterday that she'd revamp her image and continue to record, citing her "rocky period" as an excuse for her "unacceptable" behavior. But insiders believe the album will never hit shelves. "Like the rest of us," said the source, "Jive is done with Britney Spears." (source)

UPDATE: ABC News has the full statement from Jive which promises an album release during the second half of this year:

Contrary to media reports, Jive's relationship with Britney Spears is fine," a Jive spokesperson said. "She continues to be one of our biggest worldwide artists, and we remain 1000 percent committed to Britney's career. She is currently in the middle of recording a terrific new album that we are very excited about releasing it in the second half of this year." (source)

For the full scans of OK magazine's latest article on Britney, click here.