Pete Wentz News.

Pete Wentz updated his blog with some good news and some bad news this afternoon.

The good news: The Wentz hosted FN’MTV has been picked up for a second season. Wentz promises they are going to “keep working out the bugs and bringing to you. keep supporting music videos…” (He’s a rocker, not an English major.)

Could the new MTV video show be what killed TRL?

The bad news: Fallout boy has asked Spencer Pratt to appear in their next video.

Why??? Your guess is as good as mine.

Pratt wont be the only one making a cameo, former Blink 182 member Mark Hoppus, Pharell, and Gabe Saporta will also be making appearances.

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