UPDATE 3-NBC fires Trump, drops pageants over candidate's insults to Mexicans
* NBC drops 'Miss USA' and 'Miss Universe' pageants
* Trump needs to find another partner to broadcast shows
* Defends remarks on illegal immigration (Adds detail on joint venture, viewership, Trump statement)
June 29 (Reuters) - NBC cut ties with real estate developer and TV personality Donald Trump and the "Miss USA" and "Miss Universe" pageants on Monday for making comments insulting Mexicans when he began his run for president earlier this month.
The pageants, part of a 50/50 joint venture with NBCUniversal for the English-language broadcasts that together have in the past year attracted 13 million viewers, would no longer air on NBC "due to the recent derogatory statements by Donald Trump regarding immigrants" the company said in a press release.
The decision by Comcast-owned NBC was announced four days after Spanish-language Univision said that it would not air the Miss USA pageant on July 12 and severed ties to the Miss Universe Organization. Trump's lawyer said the billionaire would sue.
Trump, in announcing on June 16 that he was seeking the Republican Party nomination for the November 2016 presidential election, described migrants from Mexico to the United States as drug-runners and rapists.
"They're bringing drugs, they're bringing crime, they're rapists, and some I assume are good people," he said in opening his campaign at Trump Tower on Manhattan's Fifth Avenue.
Public outrage and pressure followed, then the decisions by Univision and NBC, giving Trump a business headache. Trump needs to find another partner to help fund and broadcast the shows or he must pick up all the costs himself and find another media company willing to broadcast them. Continuación...