With $52 million in earnings over the last year, Lopez is raking in the bucks, but according to the magazine her power has more to do with her growing resume. Along with her gig on Idol–where she raked in a cool 2 million for season two–she reignited her singing career with 2011′s Love?, which featured her hit single “On the Floor.” She heads back to the big screen with the pregnancy comedy, What To Expect When You’re Expecting this weekend, but has dominated the small screen with commercials for L’Oreal, Gillette and Fiat. And even teamed up with her ex-husband Marc Anthony for the Latin talent competition show, Q’Viva: The Chosen.

If that wasn’t enough, any one of J.Lo’s over 7 million Twitter followers (yes, a strong social media presence makes you powerful too) looking to cop her style can check out her new clothing line at Kohl’s and then pick up Glow or one of her 17 other fragrances.

The magazine points out that Idol helped revive Lopez’s career after she stumbled with 2006′s El Cantante, which featured ex-hubbie Marc Anthony, and Como Ama una Mujerand, the all-Spanish album she released in 2007. But the judge, who’s touring this summer with Enrique Iglesias, says it might be time to call it quits.

“I miss doing other things,” she said on Ellen this week. “It really does lock you down, which was nice the first year with the babies being three and four.”

But now that her twins, Max and Emme, are getting ready to go to school the single mom doesn’t know if staying on for season three is a good fit.

With nearly two years under her belt, Lopez has learned a few things and recently shared some sound advice with the new X Factor judges Demi Lovato and Britney Spears, who plans to look good for her TV debut.

“You don’t have to be tough,” she told Access Hollywood. “There’s not one way to do that, reality TV, and those competition shows [are] about being yourself. It’s about being your best self, and I think that’s the most important thing.”

She also paid the two ladies a few compliments saying, “I was like, ‘Live TV! Eek.’ It’s a big thing to take on, but I think they’re both more than capable to handle it.”

Oprah Winfrey, Justin Bieber and Lady Gaga, who held the top spot in 2011, join Lopez on this year’s Forbes Celebrity 100 list.

-Shannon Carlin, CBS Local

Marc Malkin of E Online is reporting that Jennifer is claiming that “She’s just too busy” to handle her American Idol duties. Jennifer is busy! Not only is she the mother of twins, but she’s also promoting her new movie “What to expect when you’re expecting” and she has plans to go out on a world concert tour with Enrique Iglesias this summer.

I’m hoping that maybe J-Lo is just wanting a raise?

Get more on Jennifer Lopez quitting American Idol from Yahoo Music News

According to Sothebys, no less than 5 bidders battled for eight minutes in the auction before it was bought by an anonymous bidder.

More on this amazing diamond from Yahoo.com

OMG! from Yahoo! has the story and the complete list…just click here.

During the performance Paul was joined on stage by a traditional Mexican mariachi band to sing the Beatles’ hit “Ob-La-Di, Ob-La-Da.” The crowd went crazy for the performance. The concert, which was free, was sponsored by the Mexico City mayor’s office. People camped out overnight in anticipation to see the former mop-topper.

“It was quite emotional and exciting that people who might not be able to afford to come to our shows could come to this. It was like Beatlemania all over again,” said McCartney according to Hello Magazine.

“When you visit places that you don’t often come to, like South America, they’ve been saving up the excitement so when you get there they let it all go,” he went on to say.

McCartney performed two nights before the free event for 70,000 people at Azteca Stadium.

-Garret Heinrich 98.7KLUV

Get the full scoop from Yahoo! TV by clicking here.

Houston’s daughter, Bobbi Kristina will make a special appearance to accept the show’s Millennium Award in her late mother’s honor, while John Legend and Jordin Sparks will perform a tribute. Sparks recently worked with Whitney, playing her daughter in the upcoming remake of Sparkle, due out August 17. The singer’s sister-in-law, Pat Houston, who recently signed the family up for a reality series, will also be on hand.

Houston has ruled the charts throughout her career and is the only artist to ever have seven consecutive number one singles on the Billboard Hot 100. She also holds the record for the highest selling soundtrack in history with 1992′s The Bodyguard, which sold over 42 million copies worldwide. Her rendition of Dolly Parton’s “I Will Always Love You” spent 14-weeks at number one in 1993 to become the biggest single in pop music history.

But Houston isn’t the only one being honored this weekend. With 32 number one singles throughout his nearly 50 year career, Stevie Wonder has earned himself the Icon Award. Carrie Underwood, Kelly Clarkson and Katy Perry, who will premiere her new song “Wide Awake,” are also scheduled to perform at this year’s show.

-Shannon Carlin, CBS Local

More of the latest stories:
____________________________
[archives]

When you have lots of money I guess dropping a million and-a-half is no big deal on a present for the one you love. As a guy, I’m just jealous!  How cool would it be to have your own copter and know how to fly the thing.  Read the rest of the story here 

The second man who filed against Travolta on the same charge is still pursuing his case.

Here’s more from CBSnews.com

Last week, Perry accepted the award for Artist of the Year at the 2012 NARM Music Business Association Awards and said she “loves working so hard. It’s really fun. I love reaching my goals.” But the singer, who says she’s going through a “goth phase,” admitted that she needed a “f***ing vacation.” Something Perry says she’ll finally get after the release of her new single “Wide Awake” later this month. Perry plans to perform the song for the first time at the Billboard Music Awards, which airs live this Sunday.

The mid-tempo jam was written exclusively for her upcoming movie, which will be out July 5. It’s the second single off of Perry’s Teenage Dream: The Complete Confection, which was released in March.

Its first single (and the movie’s namesake), “Part of Me,” made records when it debuted at number one on the Billboard Hot 100. The single person’s anthem became only the 20th track in the chart’s 53-year history to debut in the top spot, according to Billboard.

“I have to say that I do a lot to sell my records,” she said in her speech. “I do the right things… I work very hard! I like to sell out in all the best ways.”

The NARM Music Awards is an annual music business event that celebrates those artists in the industry who help advance the promotion, distribution and sale of music and entertainment.

Watch the trailer for Katy’s upcoming movie below.

-Shannon Carlin, CBS Local