Launched in 1995, dailynews.lk or the online edition of the Daily News, was the first Sri Lankan newspaper to concurrently publish its content online. The English language publication replicates the content that is available in the print edition of the Daily News. The paper is part of the state-owned publishing house, the Associated Newspapers of Ceylon Limited.
Media Companies / Groups
Dailynews.lk is published by the Associated Newspapers of Ceylon Limited, also known as Lake House, which is a state-owned institution. Initially, Lake House was established by D.R. Wijewardene, and consisted of 7 newspapers. After his death in 1956, the editorial policies were overlooked by Esmond Wickremasinghe, his son-in-law. In 1973, the government of Sirimavo Bandaranaike nationalised the company through the Associated Newspapers of Ceylon (Special Provisions) Act No.28. A.K. Premadasa was appointed as the first Chairperson. Presently, there are 99 shareholders which includes the Department of Public Trustee, 10 institutions and 88 individuals. These 88 individuals include several members who are related to the founders of ANCL, including the present Prime Minister Ranil Wickremasinghe who owns 0.19 percent of shares. The highest number of shares is held by the Department of Public Trustee on behalf of the Government of Sri Lanka. The Department of Public Trustee comes within the ambit of the Ministry of Justice and Prison Reforms.
Group / Individual Owner
Ceylon Petroleum Corporation
The Ceylon Petroleum Corporation was established by Act. No. 28 of 1961 in parliament and remains Sri Lanka’s national oil and gas company.
Ceylon Shipping Corporation
The Ceylon Shipping Corporation Limited was established in 1971 under Act No. 11 of 1971. Although established in 1971, it became a fully state-owned company in 1992.
Affiliated Interests Founder
The Daily News website was founded under the Associated Newspapers of Ceylon Limited (ANCL or Lake House), which is a state-owned institution. ANCL presently publishes four daily newspapers (Daily News, Dinamina, Thinakaran and Resa) and three weekly publications (Sunday Observer, Silumina and Vaaramanjari) in Sinhala, Tamil and English. It is a public limited liability company that was established by D.R. Wijewardene in 1926 prior to its nationalisation under The Associated Newspapers of Ceylon Limited (Special Provisions) Law No. 28 of 1973.
Affiliated Interests Ceo
Krishantha Prasad Cooray, also referred to as Krishantha Cooray, is the current Chairperson of the Associated Newspapers of Ceylon Limited (ANCL, also known as Lake House). He has previously held executive positions at the Ceylinco Group, Richard Peiris Group and The Capital Maharaja Organisation Limited where he oversaw the news broadcasts by the company’s TV and radio stations. He reportedly played a key role in establishing the Rivira Media Corporation (Pvt) Limited under the Richard Peiris Group and served there as founding Director and CEO. The Nation and Rivira were launched under his direction. However, Rivira ceased its English publication, The Nation, in 2017.
Affiliated Interests Editor-In-Chief
Abhaya Amaradasa is the General Manager
Affiliated Interests other important people
Prabuddha Athukorala is the Manager of Digital Media
Revenue (in Mill. $)
Operating Profit (in Mill. $)
Advertising (in % of total funding)
Information on the management structure of the outlet was obtained through secondary sources and by directly contacting the paper. Information on the shareholders was gathered through the annual returns available at the Department of Registrar of Companies.