Warner Bros. Discovery is separating its TV business including CNN from its streaming and studios. It illustrates a cable industry in decline.

Warner Bros. Discovery became the latest media giant hit by the rise of cord-cutting and streaming to announce a restructuring, with plans to split its TV business from its streaming and film studios.

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.