Hearst Cancels 2008 Holiday Party

New York magazine reported today that Hearst won’t hold its annual holiday party this year. The event, long held at Tavern on the Green, was cut back last year to a gathering in the atrium of the magazine publisher’s Eighth Avenue headquarters.

A representative could not be reached this afternoon, but an unnamed spokesperson told New York that she hopes "employees will understand our recent decision to forgo a company-wide holiday party this year." The news comes after the company closed CosmoGirl! earlier this month.