Peter Brant’s SP Newsprint Is Bankrupt

Photo: Astrid Stawiarz/Getty Images

The Connecticut-based newsprint company owned by billionaire Peter Brant, a noted art collector and the man behind magazines like Interview and Art in America, filed for bankruptcy yesterday, not unlike what happened to Brant's White Birch Paper Co. in 2010. The guy was able to salvage his marriage to Stephanie Seymour, but he still hasn't managed to save print media. Priorities!