The Australian Associated Press is a news wire service, similar to AP or Reuters. It did not disappear because it went bankrupt. AAP had three owners, Nine, Ne

The Australian Associated Press is a news wire service, similar to AP or Reuters. It did not disappear because it went bankrupt. AAP had three owners, Nine, News Corp (~95% ownership between them) and SWM (Seven West Media). This year, when Fairfax and Nine merged, there was no longer any requirement for AAP to exist in its current form. Fairfax and Nine both supplied roughly 35% of AAP's operating costs. The newly merged organisation could reroute the money spent with AAP (tens of million dollars a year) to their own in-house reporting staff. The benefit here is that the copyright to the content produced is then owned by Nine - not AAP, and the content produced would not be sold to other media organisations as well. The whole reason for its existence was to reduce the amount of money spent by Nine and News Corp, so they could pool resources. If it still existed today, the only benefactors would be other media organisations that acquired content from them (eg, Seven, The Guardian and News Corp) Why should Australia's largest media company subsidy coverage for other companies? Edit: some words and clarification