Warner Bros. Discovery Inc. a global media and entertainment company, announced that its Board of Directors authorized the Company to implement a new corporate structure designed to enhance its strategic flexibility and create potential opportunities to unlock additional shareholder value.

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 has figured out its new leadership for its U.S. cable networks. Warner Bros. Television President Brett Paul and Howard Lee, who is President and Head of Content for TLC and Discovery,