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The rumor mill can finally take a day off.

Jason Flom  who just weeks ago was ousted from his post atop Atlantic will now head a floundering Virgin America Records according to numerous sources. Virgin head Matt Serletic has...exited the building.

We admit that we had publicly hoped that Flom would use his considerable smarts to head an Indy or start-up and show 'em all that things need to be done differently these days.  But the lure of a private jet and big money (like he needs more money) seems to have won out.

Perhaps it is the chance to work with developing talent like the Rolling Stones or cutting edge artists like Gorillaz.