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Vanity Fair editor Graydon Carter to exit magazine after 25 years

NEW YORK — Vanity Fair says its longtime editor Graydon Carter is leaving the magazine at the end of the year after 25 years at the helm.

Carter became editor of the magazine, known for its coverage of celebrities, Hollywood, media and politics, in 1992. It's famous for its star-studded annual Oscars party as much as its eye-catching monthly covers.

Vanity Fair spokeswoman Beth Kseniak did not immediately answer questions Thursday about who would replace him.

Carter said in a statement that he is "eager to try out this 'third act' thing" but did not specify his plans for the future.

Carter, a well-known figure in New York, is a book author, film and theater producer and restaurant owner.

Among his earlier claims to fame was his 1980s stint as a founding editor of snarky Spy magazine, which repeatedly described the flashy New York real estate mogul Donald Trump as a "short-fingered vulgarian." Mr. Trump apparently never forgave the editor for the sllghts about his hands, frequently targeting Carter with criticisms in the decades since.

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