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Kodak, the 131-year-old photography pioneer, filed for bankruptcy on January 19th 2012.Eastman Kodak announced early this morning that filing for Chapter 11 bankruptcy was “the right thing to do for the future” of the company.In a statement, Kodak CEO Antonio Perez said company leadership decided the move was “a necessary step.”Innovation Trail has followed the story over the course of 2012.

The rise and fall of the Eastman Kodak Company

The city of Rochester and the Eastman Kodak Company. You can’t mention one without the other.

For nearly 125 years, the Flour City’s most famous tenant has been its economic engine. But with the world weaning off of film and firmly enthralled with digital technology, Kodak has struggled to survive. On January 19th, the historic company filed for Chapter 11 Bankruptcy.

This week, New York NOW hit the road and headed out to Rochester. We’ll chronicle the rise and fall of the Eastman Kodak Company and examine why, ironically, the city has been able to weather the recent economic downturn, unlike many of its upstate counterparts.

Watch the full story this weekend on your local PBS station.

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