Tweet
NBCUniversal cuts ties with Donald Trump
CNN Money
Brian Stelter and Frank Pallotta
6/29/2015
Excerpt:
NBCUniversal, under pressure from an array of Hispanic groups, is severing its business ties to presidential candidate Donald Trump.
The Miss USA pageant, scheduled for July 12, will no longer air on the network. Nor will the Miss Universe pageant, scheduled for next January. Both pageants were, until now, jointly owned by NBC and Trump.
"At NBC, respect and dignity for all people are cornerstones of our values," the company said in a statement on Monday. "Due to the recent derogatory statements by Donald Trump regarding immigrants, NBCUniversal is ending its business relationship with Mr. Trump."
Speaking to reporters after a campaign event in Chicago, Trump said he had enjoyed a "great" relationship with NBC but would not back down on his views about immigration. Trump told CNN correspondent Athena Jones that he may sue NBC.
Then, in a statement a few minutes later, he elaborated: "If NBC is so weak and so foolish to not understand the serious illegal immigration problem in the United States, coupled with the horrendous and unfair trade deals we are making with Mexico, then their contract violating closure of Miss Universe/Miss USA will be determined in court."
Trump also invoked NBC's suspended anchorman: "They will stand behind lying Brian Williams, but won't stand behind people that tell it like it is, as unpleasant as that may be."
NBCUniversal, which is owned by Comcast, had no comment on the lawsuit possibility. It is unclear whether NBC will seek to sell its stake in the Miss Universe Organization to Trump, acquire Trump's stake from him, or seek another buyer.
It is also unclear where, if anywhere, the Miss USA pageant might be televised instead of NBC. Contestants from across the country have been preparing for months for the annual event.
.................................................
View the complete article, including video, at:
http://money.cnn.com/2015/06/29/medi...hip/index.html
CNN Money
Brian Stelter and Frank Pallotta
6/29/2015
Excerpt:
NBCUniversal, under pressure from an array of Hispanic groups, is severing its business ties to presidential candidate Donald Trump.
The Miss USA pageant, scheduled for July 12, will no longer air on the network. Nor will the Miss Universe pageant, scheduled for next January. Both pageants were, until now, jointly owned by NBC and Trump.
"At NBC, respect and dignity for all people are cornerstones of our values," the company said in a statement on Monday. "Due to the recent derogatory statements by Donald Trump regarding immigrants, NBCUniversal is ending its business relationship with Mr. Trump."
Speaking to reporters after a campaign event in Chicago, Trump said he had enjoyed a "great" relationship with NBC but would not back down on his views about immigration. Trump told CNN correspondent Athena Jones that he may sue NBC.
Then, in a statement a few minutes later, he elaborated: "If NBC is so weak and so foolish to not understand the serious illegal immigration problem in the United States, coupled with the horrendous and unfair trade deals we are making with Mexico, then their contract violating closure of Miss Universe/Miss USA will be determined in court."
Trump also invoked NBC's suspended anchorman: "They will stand behind lying Brian Williams, but won't stand behind people that tell it like it is, as unpleasant as that may be."
NBCUniversal, which is owned by Comcast, had no comment on the lawsuit possibility. It is unclear whether NBC will seek to sell its stake in the Miss Universe Organization to Trump, acquire Trump's stake from him, or seek another buyer.
It is also unclear where, if anywhere, the Miss USA pageant might be televised instead of NBC. Contestants from across the country have been preparing for months for the annual event.
.................................................
View the complete article, including video, at:
http://money.cnn.com/2015/06/29/medi...hip/index.html