In New York, at the 20 media magazines that include Variety, Tad S. Smith, the unit's president, cut head count 16%, saved printing costs by slightly trimming the paper size and tightened circulation by cutting out unnecessary freebies to advertisers and his colleagues at Reed.

FORBES: Double Dutch No Longer

After these moves and the shutdown of its desktop-printer unit last September, Kodak's future is now pinned on selling printing equipment and services to companies.

WSJ: Kodak Transfers Business to U.K. Retirees to Erase Pension Obligation