If there is one thing you can count on in Hollywood, it’s that you can never tell when you’re getting the real story. Have all the celebrity magazines reached their cap when it comes to shelling out the big bucks for baby photos? Or has the slow economy put a temporary halt to making deals with celebrities for baby pics?

Well I guess that depends on who you believe, and of course if you’re a fan or not. Reports online suggest that Ashlee Simpson and Pete Wentz have so far been unable to get any magazines interested in buying pictures of oddly monikered, Bronx Mowgli. A source, yes ’sources’ seem to be everywhere, has revealed that “Pete and Ashlee have approached every single celebrity magazine with offers to sell their first photos, but nobody wants them.” Then the source added for good measure “Covers of them tend not to sell well.”

However the Fall Out Boy member has denied all of this on his Website. He wrote “Truth is, like every celeb couple, we were offered mounds and mounds of money by mags from here to Guam to pimp out the baby. We just don’t want to go down that road with him.” It must have occurred to him that some people might take that as a slight to Hollywood power couple Brad Pitt and Angelina Jolie. He added “We are not placing judgment on those that do as they often use the money in a very charitable way. However, we have made the decision not to sell Bronx’s baby pictures right now.”

To sell or not to sell, I guess that’s a question many new celeb parents struggle with. The intense curiosity of fans and the actions of paparazzi could put the baby at risk as they scramble to get that first shot. That’s probably part of the reason why some celebs decide to sell the photos to certain magazines. If in fact the couple has decided it’s not in their best interests right now, I can certainly respect that.

New mom Ashlee Simpson meanwhile could be heard recently gushing about motherhood and her new baby on her blog. “Motherhood is the most fantastic experience I have ever been thru,” the proud new mom wrote. “Bronx makes me laugh and smile everyday!” Well said.

Ashlee Simpson-Wentz and Pete Wentz are now the proud parents of a baby boy. In what seems to be becoming a standard celebrity practice, they have given their son the name Bronx Mowgli. The baby weighed 7 pounds 11 ounces and was born on Thursday night at Cedars-Sinai Medical Center in Los Angeles.

This is the first child for the couple according to a statement from a rep, Ashlee, Pete and baby Bronx are all healthy and happy, and thank everyone for their well wishes!

Pete Wentz is the bassist for the rock band, Fall Out Boy, while Simpson-Wentz is a successful pop star. They made their pregnancy announcement in May. Their wedding took place at her parents home in Los Angeles.

I can imagine the collective groan at this name but I don’t think this trend is going to slow down anytime soon. And remember when he gets to a certain age, Bronx Mowgli can always change it if he wants to. At any rate he may find understanding among any one of the unusually named Hollywood kids, like Pilot Inspektor, son of Jason Lee, or Kal-el Coppola Cage, son of Nicholas Cage.

Still, I expect this name to generate discussion for a while, if only for the fact that this is the newest one to come along. So now that big sis Jessica Simpson is an aunt, she may begin to feel a little pressure to get started having her own family. Let’s hope that a little sibling rivalry doesn’t lead her to try to top her younger sister?s unusual name choice.

Like her older sister, Simpson Wentz has also done some acting, appearing in the film Undiscovered in 2005, as well as making appearances in Malcolm in the Middle and 7^th Heaven.

Continuing to make us wonder if anyone famous isn’t pregnant, US Weekly reports Ashlee Simpson and fiance Pete Wentz are expecting a baby. She is said to be due in October.

Jessica Simpson’s younger sister and daughter of famously pushy stage dad Joe Simpson, only announced her engagement to Pete Wentz last Wednesday. Pete is the bassist of punk rock band Fall Out Boy.

In a complete coincidence, Ashlee Simpson’s new album Bittersweet World is released on April 22, and Fall Out Boy’s new Live in Phoenix CD/DVD had it’s international release today. Clearly it would be entirely cynical of me to think that the couple would be seeking extra publicity for any reason, wouldn’t it?