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Source: FoxNews.Com

Britney Spears may look disheveled from too much partying, but rumors of her professional demise are premature.

Sources inside Jive Records tell me that despite stories last week about the pop tart being dropped by her label, nothing is further from the truth.

"Britney is safe. She's been recording since even before the blow up with Kevin Federline," says my source. “She’s working with a lot of different producers. Jive is not dropping her.”

Indeed, with the current crazy climate in the record biz, Jive wouldn’t be very smart if they let go of a known commodity.

“Let’s put it this way,” says an insider, “she’s just a hit away from being back. Why drop her now?”

Dropping Britney would also be a terrible PR move for Jive right now, too. To turn against a single mother of two — even if she is a party girl — would not play well in the public’s mind. If Courtney Love can make a comeback, then Britney Spears certainly can

The source continues: “If you think back to her last record, everyone said she was finished then. The word was that Pink would have the hit album, and that Britney was over. In the U.S., at least, that didn’t happen. It was the reverse. Britney had a monster album.”

So Spears is off the hook for the time being. But patience can wear thin even in the mercurial music biz. So she’d better get back in the studio and get serious fast.