NBC is cutting ties with Donald Trump over "recent derogatory statements" that the veteran businessman made about immigrants, the BBC reports.NBC said the company would now not be airing the Miss USA and Miss Universe pageants that are co-owned by Mr Trump.
Responding to the announcement, Mr Trump said he would consider suing NBC.
Earlier this month, he accused Mexicans of adding drugs and crime to the US as he announced he was seeking the Republican presidential nomination.
"They're bringing drugs, they're bringing crime, they're rapists, and some I assume are good people, but I speak to border guards, and they tell us what we are getting," he said in his speech on 16 June.
He also pledged to build a "great wall" on the US border with Mexico and insisted it would be paid for by Mexicans.
He later insisted he was criticising US lawmakers, not Mexican people.