The problem with the Associated Press and Reuters is the lack of competition. The Little Green Footballs web site has been so busy this last week that it is often difficult to view. People want alternatives. There is a hugh business opportunity there for somebody wanting to start up an AP alternative. They could become the next FOX News.
I've been thinking that for a long time. Problem is, the buyers, for the most part, like the product they are getting now. It fits with their ideology and world view. So customers will be few (at first).
What's really need is a group of very wealthy conservatives to form an investment group willing to take the losses for awhile. The group would also have to consider some vertical integration (buying/starting newspapers and TV/cable/satellite stations.) It would be a really big investment but would change the world. They would almost have to go into it writing off the hopes of a return.
I wish I was a billionaire because I'd spend every penny of it to make it happen. I'd consider it my contribution to mankind.