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Kodak Files Chapter 11 Bankruptsy Protection

Eastman Kodak Co. has filed for Chapter 11 bankruptcy protection.  According to the company’s web-site, “the business reorganization is intended to bolster liquidity in the U.S. and abroad.”  That means turning intellectual property into cash and focusing on its more valuable business lines.

Kodak did not announce job cuts as part of the bankruptcy protection filing. Roughly 600 employees and contractors work at Kodak’s Kettering facility on Research Park.

As part of the restructuring, Kodak says they’ve obtained $950 million dollars in financing from Citigroup, and plans to continue operating through the chapter 11 process. 

Jerry began volunteering at WYSO in 1991 and hosting Sunday night's Alpha Rhythms in 1992. He joined the YSO staff in 2007 as Morning Edition Host, then All Things Considered. He's hosted Sunday morning's WYSO Weekend since 2008 and produced several radio dramas and specials . In 2009 Jerry received the Best Feature award from Public Radio News Directors Inc., and was named the 2023 winner of the Ohio Associated Press Media Editors Best Anchor/News Host award. His current, heart-felt projects include the occasional series Bulletin Board Diaries, which focuses on local, old-school advertisers and small business owners. He has also returned as the co-host Alpha Rhythms.