Interview Magazine, which was founded in 1969 by Andy Warhol, is shutting down, The New York Observer reports:

A source told Observer the publication is liquidating its assets through Chapter 7 bankruptcy.

Interview has been embroiled in tabloid drama over the past few weeks, ever since former editorial director Fabien Baron sued the magazine for $600,000.

Baron resigned from Interview in April after nearly 10 years at the glossy publication. He said in court papers that he had been hired to save the magazine in 2009—and he did, upping the circulation to over 200,000 subscribers.

But Baron now claims the company stiffed him on over $500,000 in invoices over the last three years. Interview also allegedly owes his stylist wife Ludivine Poiblanc $66,000.

“Defendants have been completely derelict in fulfilling their legal requirement,” the lawsuit reads.

The magazine was nicknamed "The Crystal Ball of Pop" for its unedited interviews with artists, musicians and other notable types, as well as its splashy covers. Warhol sold Interview to Brandt Publishing in 1987.

More From Brooklyn Vegan