KIT Digital Inc., which provides products to help digitize television viewing, said in a regulatory filing yesterday that it is preparing to file for chapter 11 bankruptcy protection after finding buyers to salvage core assets of the company, Dow Jones Daily Bankruptcy Review reported today. The New York-based company, which produces customizable software platforms for services such as video on demand or the ability to watch television shows on an iPad, could seek bankruptcy protection as soon as next week, the filing said.
