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Vanity Fair Planning Understated Oscar Party

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by Jeff Bercovici
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Nov 25 2008 11:12am EDT

'Vanity Fair' Planning 'Understated' Oscar Party

With the economy in the toilet, media companies are canceling their lavish annual festivities left and right. For Vanity Fair, though, calling off its yearly Oscar party would mean a two-year hiatus, since last year's bash fell victim to the writers' strike.

So the party is going ahead -- just smaller. "[W]e're going to scale back the guest list considerably," says editor in chief Graydon Carter. "We'll celebrate Hollywood's big night the way we did when we first threw the party 15 years ago -- it will be a cozier, more understated event." The venue will be the Sunset Tower Hotel; Morton's restaurant, where the party was held for years, closed in 2007. Carter also said that much of the decor from previous years will be reused in keeping with "the current economy, and our dedication to the green movement.". □

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