This is a great idea. I could even foresee some articles or e-books (good ones, not crap) being clustered into different topical areas, perhaps different DACs. I've written a number of nonfiction e-books that sell on Amazon, where I net $2K-$3K per month on those. That's just me writing in my spare time, side income, so multiply the possibilities with multiple authors. If articles or e-books were topically focused, there could be a profitable company there. It's not low maintenance, but it can generate some steady returns. Article writers, particularly, are not accustomed to earning royalties, and this could be a draw.
Two concerns I have. First, I'm pretty sure "Associated Press" and "AP" are trademarked. I know I'm a little nervous about government interference, etc., but I really would suggest being ultra-careful about not throwing around names that are someone else's property. It would really suck to have some jerks come in and shut down this whole thing just for some ultimately insignificant reason like that; I think the names here must be unique or generic. Please tread carefully; Invictus' work is too important to mess up.
Second, with articles, books, or anything people write, there is good content and there is crud. There are plenty of lousy writers who are also some of the first to become attracted to a moneymaking concept. There is a large group of people who believe they are born to write, yet have never made a dime off it before. For good reason. So my question here, having written books and articles (and having worked with print publishers before also) is: who filters content? With enough volume, you can let the market do it using ratings, like Amazon does. The good stuff (with high ratings and sales) comes up in searches, while the crud quickly drops off the map. But this filter only works when you have sufficient volume.
The other way to filter content is to have a non-digital human being (no, heaven forbid!) serving as editor. Initially, this may be a good idea, since this person could commission certain content and steer it a bit so you end up with a high quality newsroom/bookstore/library. As the store gains enough content/volume/traction, you could let ratings and the market take over. Or else you could empower the publisher/editor to continue to filter out the worst and highlight the best. Without some smart management, I think you end up with enough junk that it turns off too many would-be customers.