Hello and welcome to another MLEX podcast. I'm Laurel Henning, Mlex's senior correspondent,

coming to you from our offices in Sydney, Australia. And I'm James Panicki, and Lex's Australasian managing editor coming to you from the heart

of Melbourne's central business district. Great to have your company. Today we'll be having a chat

about the groundbreaking inquiry by Australia's competition watchdog into the impact of digital

platforms, in particular the impact of Facebook and Google

on the country's media landscape.

Last week, the Australian Competition and Consumer Commission published 57 submissions,

including those of Facebook, Google and Twitter, as well as those of the country's largest

media operators.

There were a few surprises, a lot of

very emotional language and two very different visions of the impact of the platforms on

competition in the media industry. So plenty to chat about there. But let's kick off with

shareholder activism today. And Laurell you filed a story on Monday suggesting

that US photocopier maker Xerox had decided to keep on fighting the fight against activist

investors Carl Ican and Darwin Dyson. What's the latest?

That's right James. So two things have come from Xerox. First of all, it let a settlement

agreement with its two activist investors lapse

that settlement would have ended a proxy fight with both Deeson and ICANN who have filed legal

action collectively or taken on this proxy fight collectively it's actually decent who's

filing the legal action but together they own 15.2% of the company, according to US security filings.

And that settlement agreement would have granted those two investors six of the company's nine

board seats, as well as seeing off Xerox's current CEO, Jeff Jacobson. But by letting that deal

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