Wall Street Journal:

Eastman Kodak Co. is preparing for a Chapter 11 bankruptcy-protection filing in the coming weeks should efforts to sell a trove of digital patents fall through, people familiar with the matter said.

Kodak has had a ridiculously difficult time shifting to a different business model as the market for film has evaporated. Here’s to hoping that if they’re successful, they can reorganize themselves again and find a new way to make it in the 21st century.