Storer lost an appeal over a looming proxy fight.

The U.S. Circuit Court of Appeals for the District of Columbia affirmed a ruling by the Federal Communications Commission that permits a dissident shareholder group to nominate its own slate of directors without undergoing a 30-day FCC review. The FCC last month ruled that a new board would constitute a “transfer of control” requiring prior FCC approval but wouldn’t be a “substantial” change to trigger the agency’s 30-day review or permit intervention from other parties.