AAP Chairman Campbell Reid and Nine Entertainment CEO Hugh Marks (Images: AAP/Mick Tsikas and AAP/Joel Carrett)

Can anyone else think of a situation when the two biggest players in a market, both of which are listed on the ASX, get together and agree to close a joint venture which is a key supplier to most of their smaller competitors?

Welcome to the News Corp and Nine decision to summarily shutter Australian Associated Press (AAP) on June 26, ending 85 years of history and jeopardising 600 media jobs.

Surely this is unacceptable from a public interest and media diversity point of view, particularly in this era of fake news and constantly shrinking news rooms.