On Monday, there were reports that editorial director Glenn O’Brien had left the company. O’Brien had been appointed co-editorial director of Interview and Brant’s other publications,Art in America and The Magazine Antiques, last year when longtime editor Ingrid Sischy left the company.
Of course, this whole shake-up has tongues wagging about the health of the company, with some predicting that the company might be in dire financial straits. As O’Brien told Fashion Week Daily, the publisher simply isn’t able to pay its freelancers.
Brant is now being run by Ryan Brant, a disgraced former CEO of software company Take Two, who pled guilty to stock option backdating. He was appointed by his father, Peter, after publisher Alan Katz departed a few months back.
“Months ago, I wanted to bring in a professional publisher, which might have averted this cash flow situation,” O’Brien told FWD. “Basically, it’s been rudderless [ever since Katz's departure] on the publishing side.”
And how is this for familial drama: Ryan’s father Peter owns Brant, after buying out his ex-wife Sandra last year. Sandra departed the company along with Sischy, and the two are romantically involved.
Brant recently launched a new design magazine, Modern, which is probably not helping the money situation over there.
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