Warner Bros. Discovery, led by CEO David Zaslav, has become the latest Hollywood studio to rework its corporate structure with an eye toward a possible spinoff of its legacy TV assets.

Warner Bros. Discovery, CNN’s corporate parent, announced Thursday it is establishing a new corporate structure that splits its cable networks off from its growing streaming business.

David Zaslav may rejoin the media M&A fray. The Warner Bros Discovery boss is reorganizing his assets into two key divisions, further isolating the media company’s dying TV networks. It comes after rival Comcast announced a full split.