Associated Newspapers of Ceylon Limited explained

Associated Newspapers of Ceylon
Type:Government-owned corporation
Industry:Media
Products:Newspapers
Location:Colombo, Sri Lanka
Founder:D. R. Wijewardena
Key People:Krishantha Cooray
(Chairman)
Kavan Ratnayaka
(Managing Director)
Emerick Fernando (Director)
Sirimewan Dias Piyasena (Director)
Area Served:Sri Lanka
Revenue: Rs 3.050 billion (2016)[1]
Operating Income: Rs 28.008 million (2016)
Net Income: Rs 20.608 million (2016)
Assets: Rs 1.920 billion (2016)
Equity: Rs 542.388 million (2016)
Num Employees:1,526 (2016)
Owner:Government of Sri Lanka (87%)

Associated Newspapers of Ceylon Limited (ANCL), also known as Lake House. It publishes three daily, three weekend, five weekly, two monthly and three annual publications in Sinhala, English and Tamil.[2]

Associated Newspapers of Ceylon Limited is a public limited liability company incorporated in Sri Lanka in 1926 by its founder D. R. Wijewardena. 75% of its shares were Nationalized under the Associated Newspapers of Ceylon Limited (Special Provisions) Law No. 28 of 1973 and this stake is held by the Public Trustee of Sri Lanka on behalf of the Government. Lake House is Sri Lanka's oldest publication company. Its Daily News English daily was the first Sri Lankan newspaper to be published on-line. At present Dinamina, Resa,[3] Daily News, Thinakaran, Sunday Observer,[4] Silumina, Budusarana and Sarasaviya publications are available on-line.

ANCL is in the process of introducing all publications to the ANCL website in the near future thus giving Sri Lankan expatriates as well as foreign communities opportunities of accessing news in Sri Lanka.

During the 2018 Sri Lankan Constitutional Crisis, the Lakehouse building was the site of many skirmishes between loyalists of former president Mahinda Rajapaksa and Prime Minister Ranil Wickremesinghe, due to the government-owned nature of the publications housed within the building.

Notes and References

  1. Web site: Associated Newspapers of Ceylon Limited 2016 Annual Report . 7, 9, 12. . July 18, 2017.
  2. Web site: Sri Lanka News | Dailynews.lk . 2009-09-03 . dead . https://web.archive.org/web/20090522004808/http://www.dailynews.lk/2008/06/30/bnlnk.asp?fname=AdvWeb . 2009-05-22 .
  3. Web site: ඇස පාදන රැස සුවහසක් එක දෙසට. www.resa.lk. en. 2018-06-15.
  4. https://archives.sundayobserver.lk/2010/02/07/imp01.asp Epitome of Sri Lankan journalism