Fuego preps bilingual U.S. Hispanic network

Posted on: August 29th, 2006
Filed Under: [ Business ] [ Hispanic News ] [ Media ]
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“Miami-based Fuego Entertainment has unveiled plans to launch a bilingual Hispanic network in the U.S.

The publicly traded company has issued a letter of intent to acquire 14 television stations for $11 million in cash and stock, including the assumption of liabilities.

“We were about to launch a single station in Puerto Rico, but when the opportunity to buy this network arose, we put that plan on hold,” said Fuego prexy-CEO Hugo Cancio.”

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