loading
drag

After 49 years, Interview magazine closes its doors

Image via Interview Magazine
Words by Veronica Stanford

End of an era.

Andy Warhol’s iconic Interview magazine has announced its closure, citing a financial situation that was unlikely to improve.

In a statement, a representative for Brant Publications said the title – which was founded by Warhol in 1969 – and its two holding companies had filed for Chapter 7 bankruptcy.

“The company has been operating at a financial loss and had been funding its losses and costs of its operation through loans obtained from its secured lender. The losses continued to mount, and the company did not believe its financial condition would improve in the foreseeable future,” said the spokeswoman.

The news is unsurprising to some, with the magazine facing several disputes over unpaid wages in the last few years. Just recently, the publication was sued by the magazine’s ex-editorial director, Fabien Baron, over a reported $600,000 USD in unpaid invoices. Similarly, its associate publisher Jane Katz sued Interview last year, claiming she was owed more than $230,000 USD in unpaid wages and was unjustly fired. In 2016, Interview’s president of six years also sued citing $170,000 USD-worth of unpaid wages.

According to the Brant Publications spokeswoman, Interview’s assets “will be liquidated and distributed to its creditors in accordance with law.”

interviewmagazine.com

Lazy Loading