TBS buys stake in Funny or Die; Bochco show in development

Interesting move announced this morning by TBS: The company has bought a minority stake in the website Funny or Die, apparently to seed ideas for future shows on TBS and Adult Swim. Plus, on the jump, some new projects that the network said are in development. Here's the statement re: ForD:

Will Ferrell and longtime creative partner Adam McKay launched Funny or Die, which already has its many mini-franchises within a franchise, most  notably “Between Two Ferns with Zach Galifianakis.” Site's a hot one, because it has a significant amount of fresh and highly-polished content with top talent, etc. But you already know all this.

 Meanwhile, some intriguing new projects, including - good news - from one of TV's great producers, Steven Bochco: