The Lake House Chairman has decided to immediately stop the Kreeda and Navayugaya Sinhala magazines that have been printed by the company for several decades, sources from Lake House said.

The chairman has indirectly told the editors of the two magazines that there would not be any other option but to stop them if the magazines did not record an increase in circulation. Lake House employees say that they are saddened by the Chairman’s move to stop the two magazines that have had a long history at the institution and helped improve its image.

However, it is learnt that the newspapers, Arogya, Sithmina, Vidunena and Manchu that were initiated by the Lake House chairman were being printed at a loss. There has been much opposition to the Manchu newspaper from society for promoting murder, prostitution and clandestine affairs. Although the Chairman’s lackeys try to show profits from these newspapers at the board meeting, in reality they are white elephants that incur losses.

Meanwhile, the environment magazine that was said to be launched in June has not yet commenced. However, a separate department has been assigned for the newspaper and a staff including type setters, page setters, minor staff and monies have been allocated to write articles from the outstations. These actions of the Chairman together with the lady editor of the magazine, according to the Lake House staff are now known by everyone.

Lake House Chairman Bandula Padmakumara it is learnt had even visited the hotel where the editor was staying when she had gone to do an article on the Madhu River.

Soon after assuming office, the Lake House Chairman took measures to stop two afternoon newspapers Lak Janatha and Friday.