04/23/1993 02:05 PM Senate JUD

 SENATOR TAYLOR brought  CSHB 236(RLS) am  (NOTICE OF SALES OF                 
 CERTAIN REAL PROPERTY) before the committee as the first order                
 of business, noting that the meeting was being                                
 teleconferenced.                                                              
                                                                               
 BOB GOULD, Alaska Journal of Commerce, testifying from                        
 Anchorage, said the legislation that was before the committee                 
 satisfies just about all interested parties concerned, with                   
 the possible exception of the Anchorage Daily News.                           
                                                                               
 Restating his previous testimony on the legislation, Mr. Gould                
 said the purpose to be accomplished by this legislation, which                
 is limited exclusively to foreclosure notices of real estate,                 
 is to promote competition, not only for the Alaska Journal of                 
 Commerce, but for many other papers that will be empowered                    
 with specificity to go out into the marketplace for those                     
 types of  notices.                                                            
                                                                               
 Number 073                                                                    
                                                                               
 SENATOR TAYLOR noted that Mr. Gould had provided the committee                
 with a copy of a fax letter from his attorneys which is in                    
 response to a letter received by the committee from John McKay                
 pursuant to Mr. McKay's testimony on behalf of the Anchorage                  
 Daily News.                                                                   
                                                                               
 Senator Taylor also noted that modifications have been made                   
 to the legislation as it has moved through the process and                    
 they are somewhat significant.                                                
                                                                               
 SENATOR LITTLE said in Mr. McKay's letter he pointed out that                 
 the cost of advertising in publications like the Alaska                       
 Journal of Commerce will be more costly for advertisers, and                  
 she asked if that comment was based on the earlier legislation                
 the committee had before it.  BOB GOULd answered that the                     
 readership that they reach is much more effective for title                   
 companies, banks, etc., that have a specific interest in                      
 foreclosure notices.  In terms of absolute dollars, the Alaska                
 Journal of Commerce is approximately one third the cost of                    
 running the exact same add in the Daily News.                                 
                                                                               
 Number 140                                                                    
                                                                               
 There being no further testimony on CSHB 236(RLS) am, SENATOR                 
 TAYLOR asked for the pleasure of the committee                                
                                                                               
 SENATOR HALFORD moved that CSHB 236(RLS) am be passed out of                  
 committee with individual recommendations.  Hearing no                        
 objection, it was so ordered.