One of Carter's legacies as editor is the annual Vanity Fair post-Oscars party, the most exclusive gathering of A-list celebrities to mark the culmination of Hollywood's awards season.
"I want to make it really easy for the next person", he told the Times.
Under Carter, Vanity Fair was known for hosting lavish parties and publishing well-known writers and photographers, and for its investigative reports.
While Vanity Fair has not announced a successor, The Times noted his announcement will likely "spark a steeplechase" among editors vying to succeed him, noting NY magazine's Adam Moss and The Hollywood Reporter's Janice Min have been mentioned as contenders.
In a statement accompanying Vanity Fair's official announcement, Carter said he was eager to begin his "third act".
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The fees associated to spaying and neutering were also waived. "Something of this volume probably wasn't possible 10 years ago". They came with 43 dogs. "This number is just going to continue to grow", Alboum said.
Made clear by Trump's negative tweets toward the editor, Trump and Carter have a long, combative history with one another.
But the feud between the two went back to 1988, when Carter described Trump as a "short-fingered vulgarian" in an article in Spy magazine. The national attention sent Vanity Fair's subscriptions into overdrive in a time when many magazines have struggled to stay in print.
Carter, 68, who has steered Vanity Fair through the shifting journalism landscape and expanded it onto a successful digital platform as well as print edition, will oversee its 2018 Hollywood issue, the publication said.
In 2014, he was elected to the American Society of Magazine Editors' Hall of Fame.
Upon leaving the magazine, Carter will spend six months in France with his family, according to Kamp. "Graydon Carter, no talent, will be out!"
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