Warner Bros. Discovery said it is restructuring into two operating divisions, one focused on the legacy cable TV business and the other on streaming and studios, a move that could set the company up for dealmaking down the road.

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.

Warner Bros Discovery on Thursday decided to separate its declining cable TV business from the streaming and studio operations, laying the groundwork for a potential sale or spinoff of its TV business as cord-cutting picks up pace.