Did we mention that the Bewkes Doctrine is already in play at Time Warner?

So the stock price of the world's biggest media company finally hit a new note since 2000 and all are hoping that it continues to hit even greater notes. Sure the new stock movement can be credited to the fact that Wall Street is paying attention to how well Time Warner's cable business, which accounts for a quarter of the company's sales is doing. But no one can ignore certain plans put in play by Time Warner number two, soon to be number one Jeff Bewkes. Like we said before in our lengthy coverage of Mr. Bewkes, his finger prints are all over what Time Warner is doing now and we are all taking notice. Revenue at Time Warner Cable increased 15 percent in the second quarter thanks to strong increases in subscribers for digital cable, Internet phone and high-speed data services. Profits, as measured by OIBDA, were up 16 percent. Time Warner stock: best since 2002 [CNNmoney]