In 1958 Washington investor John Kluge bought controlling interest in Metropolitan Broadcasting from Paramount Pictures and installed himself as its chairman. He changed the company's name to Metromedia in 1961. Goldsmith sat on Metromedia's board of directors for over a quarter-century. Channel 5 gained a sister station on radio when Metromedia purchased WASH (97.1 FM) in 1968. At first, WTTG ran on a low budget. However, in the late 1960s, it benefited from Metromedia's aggressiveness in acquiring top syndicated programming, giving it a significant leg up on WDCA, which signed on in 1966.