Cheryl Woodcock is sitting down with Irena Medavoy, the wife of movie mogul Mike Medavoy, to talk inauguration galas in our all-new video.

Irena is helping plan Arianna Huffington's inauguration celebration -- the Huffington Post Ball. The posh party will be held the night before Barack Obama's history-making inauguration at the journalism museum, the Newseum, in Washington D.C.