CEO Sujeewa Godaliyadde is trying to remove the staff journalists of the now defunct daily by giving them six months’ salary as compensation.
They are having services of between 15 and 20 years.
Some have been offered jobs at ‘Sporting Star - Race-by-race’ at higher salaries, but they have declined.
There are plans to move part of the ‘Sporting Star - Race-by-race’ business to the building where the daily had existed.
It is MP Thilanga Sumathipala, owner of the newspaper, who had recommended its editor to the position of editorial director of Lake House.