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Sony (SNE) Stock Closes Up, Restructures TV Unit

NEW YORK (TheStreet) -- Shares of Sony (SNE) finished the day in the green, having traded higher by 0.47% to $27.99 on Thursday, the company has restructured its TV production and distribution group following the unexpected departure of the unit's chairman Steve Mosko.

Mosko's departure was announced Wednesday; he was in charge of the unit for more than 10 years.

Rather than replace Mosko those that reported to him will now report to Sony Entertainment CEO Michael Lynton, the Wall Street Journal reports. Sony Pictures Television is one of the largest producers of content for traditional TV as well as streaming services.

Sony is a Japan-based entertainment company that not only develops, markets, and produces TV content, but also...