Eastman Kodak Co.

Rochester, New York-based Eastman Kodak Company has completed a transaction for the sale and licensing of its digital imaging patents for net proceeds of $527 million.

The print industry lost a long-time member and supporter on November 30 with the unexpected passing of Mark Bonacorso, president of PR and marketing firm Media Ink. He was 58.

Eastman Kodak Company has entered into a commitment letter to secure $793 million in Junior Debtor-in-Possession Financing with Centerbridge Partners, L.P., GSO Capital Partners LP, UBS and JPMorgan Chase & Co.

Eastman Kodak Co. has taken a big step toward getting out of bankruptcy.

The shrunken Rochester icon said Monday it has arranged $793 million in financing with four lenders that would help give the company the stability it needs to emerge from court protection sometime in the first half of 2013.

Rochester, New York-based Eastman Kodak Company announced that its board of directors has elected Douglas Edwards as a senior vice president of the company, effective immediately.

Eastman Kodak Company said that as a result of the significant progress made to date in its restructuring, it is now ready to begin discussions on a plan of reorganization with certain key creditor groups.

Eastman Kodak Company announced Friday that it will cease making desktop inkjet printers as early as next February, adding 200 more jobs to the 3,700 that are expected to be cut by the end of the year.

The typical CVS is everything from a pharmacy and five-and-dime store to a minimart.

Now a book printing technology company has signed an agreement with Eastman Kodak Co. that could make a CVS, and other retailers, into a vast bookstore as well.

New York City-based On Demand Books said Thursday it hopes as soon as late this year to begin wrapping its Espresso Book Machine into Kodak's retailer-based photo kiosks.

About the size of a pair of office multifunction devices, and built with Xerox Corp. 4112 copier/printers, Espressos can print, bind and trim a softbound book within a couple of minutes.

Bankrupt photography pioneer Eastman Kodak Co. is losing more executives and plans to cut an additional 1,000 jobs by the end of the year as it shrinks into a commercial printing-focused company.

The latest job cuts follow the reduction of about 2,700 employees globally this year, the Rochester, New York-based company said today in a statement. Kodak is “making progress” in a restructuring that includes selling its consumer-film, photo-kiosk and commercial-scanner businesses and an extended effort to auction its digital-imaging patents.

Kodak also is shaking up its management structure and losing key executives.

Eastman Kodak Company, the iconic film company, has announced changes to the company's core business model as it attempts to emerge from bankruptcy.