Breakfast Network Pte Ltd (BNPL), the company behind the now-dormant news site Breakfast Network, will be dissolving.
Its founder and sole owner Bertha Henson said on Monday that she had applied to wind up the company, "since this appears to be the main sticking point with the Media Development Authority (MDA)".
She referred to an MDA statement last Friday, which said that the company had "greater possibility for foreign influence" as it was a corporate entity.
The regulator had said then that the company must not operate any website, Facebook or Twitter account should it continue to exist, because it was not registering under a class licensing act as requested.
But the impact of the company's dissolution is still unclear, she said, seeking clarification on whether the Breakfast Network name or main website can be used in the future.
Ms Henson also stressed that the company, which was registered in October, "had no hand in the setting up of the Facebook page or Twitter accounts, both of which were set up long before BNPL was incorporated or even conceived of."
The Facebook page was set up in February.
Both social media accounts were "pro bono projects undertaken by volunteers who have neither links to BNPL, nor any intention of receiving funding or generating revenue," she added.
Going forward, Breakfast Network is looking for a "legitimate way to proceed with its pro bono work", and will continue to share its work on social media platforms.