Andy Warhol-founded 'Interview' magazine folds amid legal battles with former employees

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He was hired in 2009 to help relaunch the magazine and successfully added 200,000 subscribers.

In 1977, riffing on his famous dictum that in the future everyone in America would be famous for 15 minutes, Warhol told the late writer and editor Glenn O'Brien that when he was drunk, "I tell everyone they can be on the cover of Interview".

Sources tell Observer the publication is planning to liquidate its assets via a Chapter 7 bankruptcy filing.

Earlier this month, the magazine was sued for $600,000 by a former editorial director who claims he wasn't paid by the magazine.

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"Defendants have been completely derelict in fulfilling their legal requirement", the lawsuit reads. Katz further said she was unjustly fired.

And former Interview president Dan Ragone says the magazine owes him $170,000.

On the flip side, Deborah Blasucci-who worked in various capacities at Interview for 30 years-sued company leadership in February. Templer was previously accused by an anonymous woman in the Spotlight investigation of overstepping professional boundaries, a charge he vehemently denied the claims, saying: "I deny these vague and anonymous allegations".

That ingenious business concept came to an end with Warhol's death in 1987, though Interview never entirely lost its in-crowd edge. Brant's daughter Kelly Brant has been running the publication as president for the last several years.

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Once referred to as "the crystal ball of pop", Interview has featured a wide roster of cultural and entertainment world figures on its cover: David Bowie, Aretha Franklin, Annie Lennox and Kiera Knightley, to name a few.

"Interruptions were allowed and often could take conversations in different directions", she said in a 2004 interview to promote a book about the magazine's early years. "We try to get full portraits of people".

The news of the folding was first reported in the New York Post on Monday. It started out as a discussion of her career, but ended up a commentary on the establishment's food-at one point, Ross ordered "a heaping helping of chocolate mousse". Recent features include Roseanne Barr, Andrew Lloyd Webber, Tommy Wiseau, Spike Lee, Kathy Bates, and Mel Brooks. Interview raised eyebrows in 2016 when it brought in Jason Nikic, associate publisher of Hearst's auto and Driver, to help grow the magazine's digital business, but financial circumstances appeared to be growing increasingly fraught in recent months.

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