Interview magazine, founded more than 40 years ago by Andy Warhol, folds

Interview magazine, which was founded in 1969 by artist and pop-culture leader Andy Warhol, has folded. It filed for Chapter 7 bankruptcy on Monday and immediately discontinued its print and posted online content.

"Fans of the magazine immediately spoke out in disappointment, as the publication served as a cultural beacon on the intersections of the art, fashion and celebrity for decades [said People].

Although it wasn't likely the only reason, the magazine was sued for $600,000 earlier this months by former editorial director who claimed he wasn't paid by the magazine.