So I was walking along the beach near North Truro on Cape Cod last week musing half-heartedly about the state of the greater media business and wondering how it might keep metamorphosing … without any Kafkaesque turns. At least that's what I was hoping. The wind shifted. The rains came. I went inside and picked up the latest Bloomberg BusinessWeek (08/08-21) and discovered an interview with my old compatriot Jeff Bewkes of Time Warner. Jeff answered a question by Gerry Smith (How has the success of Netflix changed strategy at HBO?) with this: "I think the question is: How has the strategy of HBO created the strategy of Netflix?
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