Polaroid Files For Bankruptcy Protection

from National Public Radio

The icon of instant photography is trying to adjust to a world dominated by digital photography. Polaroid Corp. and its subsidiaries filed for Chapter 11 bankruptcy protection Thursday. In a statement, the company said its ongoing financial restructuring plan is the result of allegations of fraud at its parent company, Petters Group Worldwide. Polaroid says the filing will not affect day-to-day operations.

Broadcast Dates

• Morning Edition, December 19, 2008