The New York Post is reporting that Graydon Carter has extended his contract with Vanity Fair. Carter, who has been the edtitor of the glossy since 1992, signed on for two more years at $2 million a pop.
The only catch with the new contract is that Carter was unable to secure a signing bonus. However, he is being promised an “accommodation” when he finally decides to leave, and we’re betting it isn’t a reservation at the nearest Red Roof Inn. No offense to the Red Roof Inn. Partied there a few times in high school. Not bad.
There was some concern that Carter was going to leave Vanity Fair (the bonus was a sticking point and people worried he was too concerned with his other ventures) but apparently he’s still into the job.