LOS ANGELES (Reuters) - Graydon Carter, the long-time editor of Conde Nast's culture magazine "Vanity Fair," will be stepping down in December after 25 years at the helm, the New York Times said Thursday.

The Times said that no replacement has been named yet for Carter, 68, who earns a "seven-figure salary" at the magazine.

(Reporting by Piya Sinha-Roy)