The new owners formed the Reuters Trust.[7] In 1941, the PA sold half of Reuters to the Newspaper Proprietors' Association, and co-ownership was expanded in 1947 to associations that represented daily newspapers in New Zealand and Australia.[5] The Reuters Trust Principles were put in place to maintain the company's independence.[9] At that point, Reuters had become "one of the world's major news agencies, supplying both text and images to newspapers, other news agencies, and radio and television broadcasters."[5] Also at that point, it directly or through national news agencies provided service "to most countries, reaching virtually all the world's leading newspapers and many thousands of smaller ones," according to Britannica.[5]