Post-wedding celebration for Tom and Katie

Newlyweds Tom Cruise and Katie Holmes will celebrate their nuptials with a post-wedding party in Los Angeles this weekend.

A reception and cocktail party will be held on Saturday at the home of Hollywood power couple Paula Wagner, who is Cruise’s producing partner, and Rick Nicita, the actor’s agent, Arnold Robinson, a spokesman for Cruise, said.

Cruise, 44, and Holmes, 27, were married November 18 in Bracciano, Italy. Afterwards, they flew to the Maldives for a two-week honeymoon.

The party is “for friends (who) were not able to attend the wedding in Italy”, Robinson said.

Cruise and Holmes are the parents of a seven-month-old daughter, Suri.

Last month, MGM announced that Cruise and Wagner would be in charge of the United Artists movie studio. They were cut loose from a 14-year producing deal with Paramount Pictures in August.

Sumner Redstone, chairman of Paramount parent company Viacom Inc., had blamed Cruise’s antics over his romance with Holmes and his scientology preaching for undermining box-office returns on the actor’s Mission: Impossible III.