Trump Loses $13.5 Million, Five-Year Contract With NBC
The presidential hopeful is losing out on millions after offensive comments about Mexican immigrants during his televised presidential announcement
A single speech could have cost presidential hopeful Donald Trump as much as $13.5 million.
NBCUniversal Universal announced on Monday that it is cutting ties with Trump because of comments he made about Mexican immigrants in the speech in which he formally announced his presidential campaign. The Trump Organization had in January signed a five-year contract with NBCUniversal and Univision to broadcast the Miss USA and Miss Universal pageants, which are produced by Trump. Six months into the deal, which was reported to be worth $13.5 million, it’s off.
“Due to the recent derogatory statements by Donald Trump regarding immigrants, NBCUniversal is ending its business relationship with Mr. Trump,” the company said in a statement. “Celebrity Apprentice is licensed from Mark Burnett’s United Artists Media Group, and that relationship will continue,” NBC stated.
The controversy that led to the breakup began two weeks ago over remarks regarding immigration that Trump made when announcing his presidential campaign. “When Mexico sends its people, they’re not sending their best… They’re sending people who have lots of problems,” Trump said at the time. “They’re bringing drugs, they’re bringing crime, they’re rapists, and some, I assume, are good people.”
Trump wrote in a statement Monday that he would sue the television network for breach of contract. And he insulted former Nightly News host Brian Williams while he was at it.
“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 said. “Furthermore, 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.”