Metropolitan Broadcasting Company was owned by DuMont Laboratories, who originally founded Metropolitan as the DuMont Television Network but decided to change its name in 1955 in the hopes of generating new viewers. Paramount Pictures was a part owner of DuMont Laboratories and persuaded Dr. Allen B. DuMont to allow them to take over the management of the DuMont Network under the new name. The new management lost even more money in this relatively new broadcast medium (television) and shareholders began unloading their stock in the separately run network. DuMont Televisions Logo The DuMont Television Network was a pioneer American television network, beginning operation in 1946; when DuMont began operations, rivals CBS and NBC had not revived their pre-war experimental efforts, and ABC had no television plans. ... Jump to: navigation, search 1955 is a common year starting on Saturday of the Gregorian calendar. ... Jump to: navigation, search The Paramount Pictures logo used from 1987 to 2002. ... Dr. Allen Balcom DuMont (January 29, 1901 - November 14, 1965) was an American scientist and inventor best known for improvements to the cathode ray tube in 1931 for use in television receivers. ...

John Kluge purchased stock in the Metropolitan Broadcasting Company in the mid-1950s. Kluge attracted front money and began buying up stock. DuMont sold his shares for about USD$7,000,000. After gaining control, Kluge renamed the network Metromedia. Jump to: navigation, search John Werner Kluge (born September 21, 1914) is an entrepreneur who was born in Chemnitz, Germany, best known as a television industry mogul in the United States. ... Jump to: navigation, search // Events and trends The 1950s in Western society was marked with a sharp rise in the economy for the first time in almost 30 years and return to the 1920s-type consumer society built on credit and boom-times, as well as the height of the... Jump to: navigation, search USD redirects here. ... Metromedia (also often MetroMedia) was a conglomeration of radio and television stations in the United States that existed from the demise of the DuMont Television Network in the 1950s until the formation of the Fox Network in the 1980s. ...

With great success, Kluge began expanding Metromedia with affiliated independent stations. In 1986, Kluge sold the network to Rupert Murdoch of Fox Network for a reported 4 billion dollars. The following year, Forbes Magazine placed John Kluge at the top of their list as the richest man in America. Metromedia (also often MetroMedia) was a conglomeration of radio and television stations in the United States that existed from the demise of the DuMont Television Network in the 1950s until the formation of the Fox Network in the 1980s. ... Jump to: navigation, search 1986 is a common year starting on Wednesday of the Gregorian calendar. ... Jump to: navigation, search Rupert Murdoch Keith Rupert Murdoch (born on March 11, 1931), is an Australian-born American media proprietor who is the majority shareholder and managing director of News Corporation, one of the worlds largest and most influential media corporations. ... The Fox Broadcasting Company is a television network in the United States. ... Alternate meaning: For the Boston Brahmin family associated with John Forbes Kerry, see Forbes family. ...

See Also

• DuMont Television Network