It's Official: Nick and Jessica Call It Quits

US Magazine is reporting that Nick Lachey and Jessica Simpson have jointly announced their official separation. In a statement releases to Us the couple said: "After three years of marriage, and careful thought and consideration, we have decided to part ways. This is the mutual decision of two people with an enormous amount of respect and admiration for each other. We hope that you respect our privacy during this difficult time."

There have been reports of Nick and a porn star hooking up at the AMA's. Lachey's attorney denies any improprieties.