The Times of London reports today that Madonna has lined up famed divorce lawyer, Fiona Shackleton, fueling rumors that she is splitting with her husband, Guy Ritchie.

Jay-Z has had a big week. The rapper is expected to finalize a contract with Live Nation records soon worth $150 million. If that weren’t enough to celebrate, last night he reportedly married his superstar girlfriend, Beyonce Knowles.

The radio business has been very good to Lowry Mays and Billie Joe “Red” McCombs.

In 1972, they formed the San Antonio Broadcasting Company to buy an FM station for $125,000.

Thirty-five years later, that company is called Clear Channel Communications and it owns more than 1,000 stations. Its shareholders recently approved a $19.5 billion private equity buyout that values Mays’ stock at more than $1.1 billion and McCombs’ shares at about $190 million. The deal is expected to close before the end of the year.

In early 2000, when Clear Channel shares hit $95, the founders’ stock would have been valued at more than twice as much as now.

All directorships are not alike. Just ask Henry Cisneros.

The former secretary of the Department of Housing and Urban Development makes a lot more money on the board of Countrywide Financial, the giant mortgage lender, but he must be having more fun at Live Nation, the concert promoter and entertainment company.

Especially now during the mortgage meltdown.