Recession = Scaled Back Awards Season Parties

Vanity Fair's not the only one scaling back its awards season bash!

With the country in **** economic state and a possible actor's strike on the horizon, Hollywoodland's studio and media party planners have been called upon to scale back and organize events that are more 'sensitive' to the times.

Red carpets are being pulled back and guest lists cut back.

Sucks for you hangers on and mooches!

But, some things will go on as they did in gilded age.

Planning for the Governors Ball, hosted

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