By Honey Gillard

TEEN billionaire-to-be Miley Cyrus is reportedly embarrassed by a ‘racy’ photo spread in the upcoming June issue of prized magazine ‘Vanity Fair’.

The photo shoot shot and planned by highly-esteemed photographer Annie Leibovitz was presented to Cyrus as ‘artistic’, with the 15-year-old initially claiming the shots to be artsy and not at all skanky.

Disney’s Hannah Montana star told Vanity Fair: “I think it’s really  artsy. It wasn’t in a skanky way. Annie took, like, a beautiful shot, and I thought that was really cool. That’s what she wanted me to do, and you can’t say no to Annie. She’s so cute. She gets this puppy-dog look and you’re like, ‘OK.’ ”

But after taken a second look at the photos Cyrus has come out calling the photos “embarrassing”.

“I took part in a photo shoot that was supposed to be ‘artistic’ and now, seeing the photographs and reading the story, I feel so embarrassed.” Cyrus said Sunday in a statement released through her publicist.

One waist-up shot shows Cyrus looking provocatively over her right shoulder, her back nude and breasts covered by her arms and shimmery fabric. [Photo above]

The Disney Channel network stood up for Cyrus – who stars in one of the channels highest rating shows “Hannah Montana”.

“Unfortunately, as the article suggests, a situation was created to deliberately manipulate a 15-year-old in order to sell magazines,” representatives for network said.

In a statement to the TV show “Entertainment Tonight,” Vanity Fair took to their defence.

“Miley’s parents and/or minders were on the set all day,” the magazine said. “Since the photo was taken digitally, they saw it on the shoot and everyone thought it was a beautiful and natural portrait of Miley.”

All are hopeful that Cyrus’ reputation as one of the biggest and most G-rated acts in America is not scarred from these shots, as she presently stands as perhaps the most influential role model for young girls.

Cyrus sent out an apology to all her fans, friends and family saying: “I never intended for any of this to happen and I am truly sorry if I have disappointed anyone. Most of all, I have let myself down.”

“I will learn from my mistakes and trust my support team. My family and my faith will guide me through my life’s journey.”

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