Fuego Enterprises, Inc. (FUGI)

[Squeegee_1]

Tortadr, very valid question.

CHUM's international division is very strong and presumably operates on attractive margins. Consider that a good portion of their programming is simply repackaged original programming going out to different international markets.

I'm curious to see how this all unfolds, but it should take more than a year if any changes were to be made and Fuego's contract would remain intact regardless.

When I discussed this with Dan York he mentioned that the Bogota Citytv station uses very little programming from CHUM and aside from it's branding and concept it's self sufficent. Will Hugo be able to do the same in Puerto Rico? Well, Santos basically started the Bogota station and he will likely have the same great success in Puerto Rico.

I especially like this from the last PR:
"As part of the agreement with CHUM International, Fuego Entertainment has the rights to develop the Citytv format in certain key US broadcasting markets and in some islands of the Caribbean."