Variety reports that Michael Ovitz has issued a formal apology for his remarks--including blaming his downfall in show business on Hollywood's "gay mafia"--in the August issue of Vanity Fair magazine, which begins hitting newsstands Wednesday. The article, about how the once-powerful Ovitz essentially became persona non grata in Hollywood, features the ex-mogul blaming openly gay DreamWorks cofounder David Geffen and others for his troubles. While Ovitz has not retracted any of the remarks he made to journalist Bryan Burroughs, he did seek to clear up misconceptions. "I made some statements that were inappropriate during an open and frank discussion with Vanity Fair," said Ovitz, through a spokesman. "In particular, the term 'gay mafia' does not reflect my true feelings or attitudes. It is regrettable, and I am truly sorry."