Vanity Fair Oscar Party Will Go On, Despite Economy

After a year without Vanity Fair's legendary Oscar bash, due to the writer's strike, no economic crisis can get in the way of this year's. Graydon Carter announced Tuesday that the magazine's annual Academy Awards party will go on, albeit in a slightly scaled-back manner:

Vanity Fair will hold its annual Oscar Night party at the Sunset Tower Hotel on February 22, 2009. The party will be a much more intimate affair than in years past; we're going to scale back the guest list considerably. 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. And one with familiar décor -- given the current economy, and our dedication to the green movement, we will be recycling many of the elements of years past. We also look forward to working with Jeff Klein, who owns the Sunset Tower (and is my partner in another venture), in making next year's Oscar party a memorable one.

Vanity Fair's parent company, Condé Nast, recently canceled its annual holiday luncheon at New York's Four Seasons restaurant, citing the rough economy. The company has also scaled back publication of Portfolio and Men's Vogue. Vanity Fair in particular, a recent industry report revealed, was the fashion magazine hardest hit by the economic crisis.

Comments

[larry278]

Falling ad revenue has nothing to do with VANITY FAIR's shrinking its invitation list to make its Oscar party as small, cozy, friendly party.

[Mahi Joe]

Funny how the party will go on yet, the circulation of the rag continues to go down. Guess they still are using Bush economic principles.

[HARVIN]

Damn.Jon Lovitz has really aged!

[HoldenLitgo]

Okay, but will the Oscars go on?

[CBS]

Wow, he is tied with The Donald for the worst hair. He looks a LOT older than his pic in VF

[Clare53]

Thank god.

[bachmantsk]

Maybe it's like the band that kept playing as the Titanic went down.

[popartusa]

The rich and famous are just like the poor.....t­hey will always be with us.

[Dogwithoutaleash]

Yay, I'll be waiting for my invitation.

[RJII]

hey my comment disappeare­d.One more time.

I don't care. Expensive gift baskets, champaign, caviar, and a bunch of fashionistas and overpaid actors congratulating each other in a bubble. Vanity may want to save its pennies because ad magazines are the first to go in a tight budget..

Huffington have scrupples and support our freedom of speech.

[Furby]

Graydon Carter has always been a Democrat (or as close to one as a Canadian can be). Mrs H on the other hand only switched to D when it became too embarrassing to be R. This is the third time I attempt to post this remark. So much for your so called "freedom of speech" website.

[RJII]

Ahh. gift baskets, champaign, caviar, and a bunch of fashionistas and overpaid actors congratulating each other in a bubble.

i can't care about this right now. Vanity may want to save its pennies, because ad magazines are the first to go in tight budgets.

[tbrnotb]

Whenever these stories about big events come out I kind of cringe. As this is what I do l for a living, it hits close to home and to the pocketbook. I just want to remind you that all these events and parties have become an industry. It's not just champagne, caviar and fasionista­s.....It's Dave designing the event. Janet boks the music that employs eight. The flowers come from Justin and his crew of five, bought from the Flower Mart Downtown. It's Mandy ironing the linen and Linda who takes the order. It's Julio and Faustino who load the trucks and Fredrico who drives it. It's the crew of six doing the prep work for dinner and three more cooks working two or theree shifts. It's the guys who clean the venue before and after. It's the servers and bartenders working the event. It's the valet parkers. It's the lighting technical and sound guys. It's the Fire Marshall who approves the whole thing.

It's about a bunch of people making a living and proud of what they do. So before you wave your hands and call all this foolish, consider that it is the way a number of people make their living. Just try to throw a wedding or a party without us!

[LeaveArtieAlone]

Yahoooo!!! :-P