Here’s the announcement the magazine put up on their website.
“After much consideration, and in support of the writers and everyone else affected by this strike, we have decided that this is not the appropriate year to hold our annual Oscar party.”
Graydon Carter, VF’s editor, explains why it was the right hting to do,
A magazine like Vanity Fair is a group of writers and artists, and we are in solidarity with the writers and artists out there. Whether the strike is over or not, there are a lot of bruised feelings. I don’t think it’s appropriate for a big magazine from the East to come in and pretend nothing happened.
There will be something sort of liberating about ordering Chinese food and watching the Oscars in bed.