Sony Entertainment CEO to step down

Michael Lynton, CEO of Sony’s underperforming entertainment division, is stepping down to focus on Snapchat, where he was an early investor.

During his 13-year tenure at Sony Entertainment, Lynton battled a devastating cyberattack and activist investors.

He's scheduled to step down Feb. 2. Lynton will become board chairman at Snap Inc., the owner of Snapchat.

Read more from The New York Times.