May 21
News
Andy Warhol’s Interview magazine folds under mounting financial issues.

In 1969, Andy Warhol released the first issue of Interview magazine, coined as “A Monthly Film Journal.” As the publication grew, it quickly became a source for nightlife happenings and interviews with glamorous pop icons, earning it the nickname, “The Crystal Ball of Pop.” But on Monday, a raft of Interview employees took to Twitter to announce the magazine has officially gone bankrupt and folded. The Tweets range from warm goodbye messages to unhumorous posts seeking new employment opportunities.

Brant Publications, the magazine’s current owner, purchased the magazine from the estate of Andy Warhol in 1989. It re-launched in 1990, and then again in 2008, when Sandra Brant sold her 50% share of the company to her ex-husband Peter Brant, and left the magazine to be with her lover, Ingrid Sischy, who had served as editor-in-chief of the publication for 18 years. Since then, Interview has been embroiled in financial problems. In May, Fabien Baron, its former editorial director, sued Interview for $600,000, while former associate publisher Jane Katz filed a suit last year claiming the company owes her $230,000 in unpaid wages. Interview has not yet released an official statement on its closure.