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Simple English definitions for legal terms

Carroll doctrine

Read a random definition: 10-K

A quick definition of Carroll doctrine:

The Carroll doctrine is a rule that says if someone already has a license to broadcast on the radio or TV, they can complain if the government gives another license to someone else that might hurt their business. This is because the new license could cause the first person to lose money and not be able to provide as good of a service. The rule comes from a court case called Carroll Broadcasting Co. v. FCC in 1958.

A more thorough explanation:

The Carroll Doctrine is a principle that allows a broadcast licensee to challenge the Federal Communications Commission's (FCC) decision to grant a competitive license. This is because the grant of a new license could potentially harm the existing licensee's business by causing economic damage.

For example, let's say that a radio station has been operating in a particular area for many years. If the FCC were to grant a new license to another radio station in the same area, it could lead to a decrease in the original station's listenership and revenue. The original station could then use the Carroll Doctrine to challenge the FCC's decision.

The Carroll Doctrine was established in the case of Carroll Broadcasting Co. v. FCC in 1958. The court ruled that the existing licensee had standing to contest the grant of a competitive license because it could lead to a reduction in broadcast service.

carried interest | carry

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ParallelAgreeableOrangutan
15:56
I wanna be in Michigan in the summer and only in the summer
fair
@ParallelAgreeableOrangutan: true, maybe the lack of safeties is indicative of a monetary cushion for failure
NosyBeagle
15:57
no matter where i go i'll be shaking ass. ya girl beagle is POOR
15:59
wtf goin on at notre dame i wonder
ParallelAgreeableOrangutan
16:00
@JupitersMoons: ooh good point! meanwhile all my safeties WLed me anyway, so much for safe
16:00
maybe they ghosting me cus i said im part of the lgbt
wasn't there 30 percent more applicants
there were no safties
ParallelAgreeableOrangutan
16:02
was ND's app the one that wanted to know marital status and a bunch of other irrelevant Qs?
16:04
i totally forgot i filled it out like frikcing 6months ago
16:04
omg im gona shit my pants at work
ParallelAgreeableOrangutan
16:05
no did you take a laxative
16:06
no dude hell no im so scared of laxatives since my bulimia phase
body is just relaspsing
@ParallelAgreeableOrangutan: I was just putting in A's first, I also got rejected by Yale and WL at Chicago
ParallelAgreeableOrangutan
16:07
HI FRIEND guys a celebrity has entered the chat
ParallelAgreeableOrangutan
16:11
oh no it's a Friday fo pee em UMich R wave :(
16:17
i aint going outside no more
16:17
too many ticks
idk who we were talking about but I would also take mich $$ over hls
16:22
yay
sometimes I wonder why they gave me so much money
ParallelAgreeableOrangutan
16:33
because you're amazing and you deserve good things
16:40
awe yea
16:40
u gona be the best queenest lawyer ever
16:41
where llama
oh hey I just got a GW WL feeler
NosyBeagle
16:56
omg sloth u poop
ParallelAgreeableOrangutan
17:22
@JupitersMoons: !!! crossing fingers for you
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