Warner Bros. Discovery plans to split into two companies by separating its studios and streaming from cable TV networks to better compete in the evolving media landscape.

The film and television giant will turn its cable networks, including CNN and TNT, into one company and its streaming and studios business into another.

Stop me if you've heard this before: one of them sounds mostly like Warner Bros., the other mostly sounds like Discovery.

Hours after David Zaslav announced Warner Bros. Discovery was spinning off its networks business, Chuck Lorre has tabled a bid. The Big Bang Theory co-creator jokingly offered to buy the business, which includes networks such as CNN,