The company was embroiled in a number of legal issues regarding payments from owner and billionaire Peter Brant, who bought Interview in 1987.
Many others are owed money by the publication to the tune of hundreds of thousands of dollars, according to NYO, which also reports it has filed for Chapter 7 bankruptcy.
While Interview's history has been tarnished in recent years as a result of these alleged misdeeds, the publication had been celebrated for its cutting edge approach, including a willingness to celebrate queer artists and LGBT allies by placing them on the cover.
Nearly half a century after it was founded by Andy Warhol, Interview magazine, the arts and culture publication, is folding. "All of the assets of the Company will be liquidated and distributed to its creditors in accordance with the law".
The loss of Interview comes less than a year after another well-known downtown title, the Village Voice, shuttered its print edition to go digital-only.
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".
Former associate publisher Jane Katz, who says she was sacked without cause, also charges the publication owes her $230,000 in unpaid wages, while former Interview President Dan Ragone alleges he is owed $170,000. Warhol and Sischy's Interview wasn't one of salacious gratuity - it was inventive and inspired by a sense of humor, wit, and a wink-wink to readers, who were most certainly invited to the party.
When looked at from a publishing standpoint, it's little surprise that Interview is shutting down. 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". Peter Brant owns the magazine, while his daughter Kelly is the president.
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