The cuts, which follow a steep drop in sales of the company's film and digital imaging products, will reduce Kodak's workforce by between 3,500 and 4,500 employees.
The three-year-old title will disappear after March, becoming the latest in a series of shelter magazines to close due to the difficult advertising market.
Only the official White House photographer and print reporters were present when Obama and Chief Justice Roberts re-did the oath of office Wednesday. The Associated Press and others have objected.
Three photographer-owned stock agencies – Blend, Glow Images and RubberBall – outbid Masterfile in an auction of the assets of bankrupt agency SuperStock.
Photographer Bert Stern has reached a settlement with the men he sued last year over possession of seven transparencies of his Marilyn Monroe photographs, according to an attorney for the defendants.
Souza was an official photographer for President Ronald Reagan from 1983 to 1989 and covered Barack Obama’s arrival in the Senate for the Chicago Tribune. (Updated with quotes from Souza and the Obama transition team.)