NBC is reviewing its business relations with Donald Trump in the wake of the real estate mogul's derogatory remarks about Mexicans.
The Peacock Network yesterday issued a statement that said the real estate baron's "opinions do not represent those of NBC, and we do not agree with his positions on a number of issues, including his recent comments on immigration.”
NBC airs Celebrity Apprentice, which has been renewed for its 15th season. Trump stars and is executive producer.
NBC Universal, parent of the broadcaster, is part owner with Trump of the Miss Universal pageant. CNNMoney today reported that NBCU is examining its relationship and responsibilities to the Trump Organization.
Spanish broadcaster Univision on June 25 yanked the July 12 airing of the Miss USA pageant, which is partly owned by Trump, because of his "insulting remarks about Mexican immigrants."
In announcing his candidacy for the Republican presidential nomination, Trump said: “The U.S. has become a dumping ground for everybody else’s problems. When Mexico sends its people, they’re not sending their best. They’re not sending you. They’re sending people that have lots of problems, and they’re bringing those problems with us. They’re bringing drugs. They’re bringing crime. They’re rapists. And some, I assume, are good people.”
Trump, who has vowed to sue Univision for "a tremendous amount of money," claims the Mexican government pressured the broadcaster into dropping the beauty pageant.
He told Telemundo he loves the Mexican people and has had "tremendous relationships" with their country.
Trump called Mexico's leaders "far smarter" than America's and that they're "taking advantage" of the US on trade.
Trump Media & Technology Group today reported a $58.2M net loss on $4.1M in 2023 revenues, a disclosure that drove its stock price down 22.6 percent to $47.96.
Barry Pollack, an attorney at Wall Street’s Harris St. Laurent & Wechsler, has registered Julian Assange as a client with the Justice Dept. “out of an abundance of caution.”
Paramount Global to slash 800 jobs in what chief executive Bob Bakish calls part of an effort to “return the company to earnings growth"... Rolling Stone editor-in-chief Noah Shachtman is exiting at the end of the month due to disagreements with chief executive Gus Wenner over the direction the magazine is taking... The New York Times broke the $1 billion barrier in annual revenue from digital subscriptions in 2023... Press Forward is investing more than $500 million to strengthen local newsrooms.
The majority of news articles are read within the first three days of publication, according to a recent report.
The Los Angeles Times gives pink slips to 115 people or 20 percent of its newsroom staff... TIME is also laying off about 30 employees, which is approximately 15 percent of its editorial staff... The Baltimore Banner, which was launched by Stewart Bainum in 2022 after he failed to buy the Baltimore Sun, added 500 subscribers per day in the three days following Sinclair Broadcast Group's deal to purchase the Sun.
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