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I don’t think this is it. I think that removing the AP and leaving Newsmax/Fox calls into question the legitimacy of their reporting. They want to ride the coattails of AP its reputable reporting. Standing shoulder to shoulder with AP reports lends credence to Newsmax/Fox. If the reputable reporters are gone and only Newsmax and Fox are left, people will start questioning if only unreputable reporters are allow there.
Their dyed-in-the-wool audiences no, but those are already captured people. Newsmax/Fox want folks that don’t watch them to assume they are legitimate reporters. Being mentioned in the same breath as AP an Reuters does that.