Lord McAlpine has today settled his libel actions against both the BBC and ITV, having agreed payment of £185,000 damages by the BBC and £125,000 from ITV, as well as costs.
Politicians for both broadcasters apologised for wrongly implicating McAlpine in child sex abuse allegations.
Edward Garnier QC, counsel for McAlpine, told the high court “Newsnight made the most serious of defamatory allegations about Lord McAlpine, tarring him as a paedophile who was guilty of sexually abusing vulnerable young boys living in care."
He added that both ITV and Phillip Schofield accepted that a list of names handed to David Cameron during an interview was briefly visible to the public, with Lord McAlpine’s name being seen.