Writing by Dave on Wednesday, 19 December, 2007 at 11:49 am

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In what is sure to be today’s biggest story: yesterday, it was revealed that Jamie-Lynn Spears and her mother Lynne Spears gave an exclusive story to OK! Magazine announcing her pregnancy, and that she plans to keep it.

Britney wasn’t told, though K-Fed was given a heads up by Lynne a few days ago.

That’s embarrassing.

So how did a crappy tabloid like OK! end up with something that a credible tabloid like People should have been all over?

Reports TMZ:

Sources close to Britney’s family tell TMZ it all started when Britney melted down on an OK! Magazine photo shoot. Britney’s mom, Lynne, read the article (who didn’t?!) and called OK! personally to thank them “for handling it so well.” She stayed in touch with OK!, and called them this week when she learned that news of Jamie’s pregnancy was about to break. Her only requirement? Keep Britney out of it. This is about Jamie Lynn. “She trusted them to do it in a way that would be sympathetic to her daughter,” our source says.

We’re told Jamie and mom did not want money, but OK! has agreed to pay $1 million to the younger Spears for a photo shoot when the child is born. Why so little when others have commanded several million? We’re told it’s because Jamie Lynn is not an international star and it’s not worth it to the mag to pay big bucks for something they can’t sell overseas.

Pretty standard Spears-family business practice: under-thought and under-paid.

The most interesting rumor swinging around the nets right now?

Jamie-Lynn is further along than we think. Sean Preston and Jayden James might be seeing their first cousin in the spring.

[pic source]

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