Vanity Fair’s Oscar Party Set To Return — Only Scaled Back

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The hottest Oscar after-party in town is back — only smaller.

Vanity Fair says its annual Academy Awards party is returning for next year’s Oscar night on Feb. 22. The magazine’s 2008 bash was canceled in support of the Hollywood writers’ strike.

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The A-list soiree, which has boasted such guests as Madonna and Al Gore, will take place at West Hollywood’s Sunset Tower Hotel instead of its traditional home, the restaurant Morton’s.

The magazine’s editor Graydon Carter says on VanityFair.com Tuesday that the bash “will be a much more intimate affair than in years past,” with a scaled back guest list.

Given the state of the economy, Carter says the party will also recycle decor from past years.

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