[3] The share holders of Lankapuvath are Sri Lanka Rupavahini Corporation (SLRC), Sri Lanka Broadcasting Corporation (SLBC), Independent Television Network (ITN), and Associated Newspapers of Ceylon Limited (ANCL) well known as the “Lake House”.

[citation needed] Lankapuvath was established by Sri Lankan press baron, lawyer and one-time editorial managing director of the largest and most prominent newspaper group, The Lake House Group (which is the home of the Associated Newspapers of Ceylon), Esmond Wickremesinghe, the father of Sri Lankan Prime Minister Ranil Wickremesinghe.

Ranil Wickremesinghe, during his neo-liberal United National Front government between 2001 and 2004, attempted to close down Lankapuvath citing cost-cutting, although this ended up not coming to fruition.

[citation needed] Lankapuvath distributes news and images via the Internet, TV, SMS and mobile phones.

This output is supplemented by additional services aimed at catering to news requests from a demanding public.