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In April 1999 it sold its Fairfax County cable TV holdings to Cox Enterprises for $1.4 billion, officially exiting the cable industry.
In February 2000 Gabelli again attempted to nominate two new members to the board, but because his letter of intent failed to explain his interests in the nomination, as required in the company's bylaws, his nominations were once again ignored.
In May 2000, all nine of the company's current directors were reelected.
In his later career he oversaw the sale of Media General's newspapers to Berkshire Hathaway Inc., in 2012.
John Stewart Bryan III's death in 2016 signaled the end of the Bryan publishing empire.
Media General was acquired by Nexstar Broadcasting Group in 2017.
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