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Ada

Ada is a Sinhala language daily newspaper that covers a wide range of news categories including, local, international, religious, sports, technology and business. It is part of Wijeya Newspapers Limited. Ada shares Vijey, Daily Mirror, the Sunday Times, Daily Financial Times (Daily FT) as some of its sister publications.

Key facts

Audience Share

1.19%

Ownership Type

Private

Geographic Coverage

National

Content Type

Paid Content

Passive Transparency

upon request, ownership data is easily available from the company/channel

3 ♥

Media Companies / Groups

Wijeya Newspapers Limited

Ownership

Ownership Structure

The Wijewardene family is the majority of shareholder of Wijeya Newspapers Limited. Ranjit Wijewardene, Sujan Wijewardene, Ruwan Wijewardene, Irushi Neela Bulathsinhala and Ranjini Wijewardene collectively own 99.98 percent of the company. Meanwhile, Sarathi Limited, a company affiliated with the Wijeya Group of Companies, also holds shares at Wijeya Newspapers Limited. Besides members of the Wijewardene family, Anandi Balasingham owns a lesser percentage of shares at Wijeya Newspapers Limited. However, Anandi Balasingham serves as the Estate Administrator for Sarathi Limited which, as stated above, is affiliated with the Wijeya Group of Companies.

Voting Rights

Voting rights have been assigned based on the shares held by an individual or company. Therefore, the voting rights are as follows: Ranjith Wijewardena – 89.99%, Sujan Wijewardene – 10%, Ruwan Wijewardene – 0.0002%, Irushi Neela Bulathsinhala – 0.0002%, Ranjini Neela Wijewardene – 0.0002%, Sarathi Limited – 0.0002%, Anandi Balasingham – 0.0002%.

Individual Owner

Media Companies / Groups
Facts

General Information

Founding Year

2012

Affiliated Interests Founder

Ranjit Sujiva Wijewardene, also referred to as Ranjit Wijewardene, is the son of Sri Lankan media proprietor D.R. Wijewardene, who founded the Associated Newspapers of Ceylon Limited (ANCL, also known as Lake House) in 1926, prior to its nationalisation under Sirimavo Bandaranaike’s government in 1973. Ranjit serves as the founding Chairperson and majority shareholder of Wijeya Newspapers Limited. Although the company was formed in 1979 under the name of Wijeya Publications Limited, it started publishing the weekly Irida Lankadeepa newspaper in 1986, and shortly afterwards, the daily Lankadeepa newspaper in 1991. Ranjit also holds 0.57 percent of shares at the ANCL. In addition to holding the position of a Chairperson at Wijeya Newspapers Limited, Ranjith also serves as the Chairperson and Managing Director at Lake House Printers & Publishers Ltd., Chairperson at Lake House Bookshop Pvt Ltd., Chairperson at LH Plantations Pvt Ltd., Chairperson at Ranweli Holiday Village Ltd., Chairperson at Sarathi Ltd., Chairperson at Stamford Lake (Pvt) Ltd., Chairperson at Wijeya Graphics Pvt Ltd., and President at the Newspaper Society of Sri Lanka. Ranjith is also on the Board of Directors at Freudenberg & Co. (Ceylon) Ltd. and R.S. Printek Pvt Ltd.

Affiliated Interests Ceo

Ranjit Sujiva Wijewardene is the Chaiperson of Wijeya Newspapers Limited, the publisher of Lankadeepa. See above for more.

Affiliated Interests Editor-In-Chief

Kanchana Dassanayake is the current Chief Editor of the Ada newspaper. He has served in this position from the inception of the newspaper in 2012. In addition to this, he is also part of the Welfare Society of Wijeya Newspapers.

Affiliated Interests other important people

Ruwan Wijewardene, also referred to as Ruwan Wijewardene, serves as the current State Minister of Defence for the Government of Sri Lanka and owns 0.002 percent of shares at WNL. In addition to his ministerial portfolio, he serves as a Consultant and Personal Assistant to the Chairperson of WNL.

Contact

Wijeya Newspapers Limited

No. 08, Hunupitiya Cross Road, Colombo 2

General: +94 11 247 9479, +94 11 231 4714

Fax: +94 11 244 8323

Email: adanewspaper@gmail.com

Website: www.ada.lk

Financial Information

Revenue (in Mill. $)

Missing Data

Operating Profit (in Mill. $)

Missing Data

Advertising (in % of total funding)

Missing Data

Market Share

Missing Data

Further Information

Meta Data

The official websites of Ada and Wijeya Newspapers Limited do not provide any details about its founder, board of directors or its organisational structure. As such, publicly available secondary sources were referenced. While many publicly available secondary sources provided adequate information on the newspaper, in certain instances the information gathered was conflicting. For instance, the official designation of Sujan Wijewardene was stated in three different forms as Deputy Chairman, CEO and Director of Wijeya Newspapers Limited. Moreover, there was minimal information on the affiliated interests of other important people.
While the Media Ownership Monitor research team reached out to Wijeya Newspapers Limited by formally requesting for the company’s information on 20 July 2018, the company responded to the aforementioned request on 17 August 2018. From the response received, the team was unable to use the market share percentage provided (75%) as the team did not have access to the figures used to arrive at this percentage. However, information on the organisational structure was cited from the response provided by the company as well as from the Department of Registrar of Companies. Readership data was obtained from the Kantar Lanka Market Research Bureau (LMRB) for the year 2017.

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