#2628
Alan Gerry
Overview
- Source of Wealth
- Cable television
- Industry
- Media & Entertainment
- Residence
- Liberty, New York
- Education
- High School (Drop Out)
- Marital Status
- Married
- Children
- 3
Biography
Alan Gerry started building a cable TV network in upstate New York in 1956.
It became Cablevision Industries, which at its peak had 64 cable systems in 18 states.
Gerry sold Cablevision Industries to Time Warner in 1996 for a reported $2.7 billion; he pocketed an estimated $900 million.
He used that money to start own venture capital firm, Granite Associates, in 1996 to invest in emerging communications technologies.
About
Gerry bought the site of the 1969 Woodstock festival and a decade later turned the location into the Bethel Woods Center for the Arts, an 800-acre cultural center
Gerry initially got into cable to increase demand for TV sets--he owned a television repair shop.