Over the years, CVI evolved and by the 1990’s, it has already set up 18 networks from New York to Florida. In 1996, Alan handed over CVI to Time Warner for a reported $2.8 billion while earning $900 million in the process. A self-proclaimed “country boy”, he purchased and resurrected the original 1969 Woodstock festival site. Furthermore, he started the Gerry Foundation, meant to stimulate economic activity and revitalization in Sullivan County, New York.