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In news that will probably leave you speechless with surprise, Billy Joel and third wife Katie Lee Joel confirmed this afternoon they're splitting up. "After nearly five years of marriage, Billy and Katie have decided to separate," reps for the couple told the Daily News. "This decision is the result of much thought and consideration. Billy and Katie remain caring friends, with admiration and respect for each other." Naturally, the decision to part ways had nothing at all to do with the rumors that Lee's been dating designer Yigal Azrouël. They've been doing a very good job keeping that one under wraps, clearly. [NYDN]