Ponderosa Steakhouse and Bonanza Steakhouse under the Metromedia Restaurant Group. The names of the restaurants were derived from the classic TV series "Bonanza", which was set at a place called Ponderosa Ranch. In 1963, Dan Blocker, who played Eric "Hoss" Cartwright on "Bonanza", started the Bonanza Steakhouse chain. The first Bonanza opened in Westport, Connecticut. Sam Wyly and his brother Charles Wyly bought the small Bonanza restaurant chain three years later. The company grew to approximately 600 restaurants by 1989, when the Wylys sold it to Metromedia. In 1965, Dan Lasater, Norm Wiese and Charles Kleptz founded Ponderosa in Kokomo, Indiana, moving the headquarters to
Bonanza became the Cartwright's foreman. Initially, "Bonanza" aired on Saturday evenings opposite "Dick Clark's Saturday Night Beech-Nut Show" and "John Gunther's High Road" on ABC, and "Perry Mason" on CBS. "Bonanza"s initial ratings were respectable, often coming in behind Mason but ahead of the ABC line-up. Ironically, executives considered canceling the show before its premiere because of its high cost. NBC kept it because "Bonanza" was one of the first series to be filmed and broadcast in color, including scenes of picturesque Lake Tahoe, Nevada, although most of the episodes were obviously filmed on soundstages until the seasons near the end