Why rely on other countries' news sources?

Jane Quin writes: Re. "The ABC debate: we have Mamamia and BuzzFeed, we don't need the ABC anymore" (Friday). James Paterson argues because we can access news etc globally, we don't need an Australian version that is funded by taxes and not corporations. Why? Why is it OK for other democracies to fund their news services and thus provide us with information, e.g. Treasurer Joe Hockey on BBC's Hard Talk, and not us?