He changed the company 's name to Metromedia in 1961 .
In 1958 , Washington investor John Kluge bought controlling interest in Metropolitan Broadcasting from Paramount Pictures and installed himself as its chairman .
John Kluge changed the company 's name to Metromedia in 1961 .
In 1958 , Washington investor John Kluge bought controlling interest in Metropolitan Broadcasting from Paramount Pictures and installed himself as its chairman .