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Lord McAlpine said:
A BBC Spokesman said:
Lord McAlpine has reached a settlement worth £185,000 (plus costs) with the BBC over false claims made in a Newsnight report, the corporation and lawyers for the peer confirmed tonight.
In his interview with BBC Radio 4's World at One, Lord McAlpine said the events which led to him being wrongly linked to a child sex abuse scandal were 'beyond his comprehension'.
Pictures from BBC Radio 4
ITV released a statement today after finishing its investigation into This Morning. It came after presenter Phillip Schofield handed the Prime Minister a list of alleged paedophiles he had found online.
Lord McAlpine's solicitor, Andrew Reid, told Radio 4 he was hoping to agree a settlement with the BBC today:
Lord McAlpine gave the pre-recorded interview to BBC Radio 4. It will be broadcast on The World at One programme. You can listen to part of his interview here.
The former Conservative politician who was wrongly linked to a child sex abuse scandal is expected to reach a settlement with the BBC.
Lawyers for Lord McAlpine have indicated they are taking legal action after the programme led to the peer being mistakenly implicated in a paedophile ring that targeted children at a care home in north Wales.
The BBC reported it was in the process of agreeing a settlement package with the former Tory Party treasurer. Lord McAlpine said the Newsnight investigation had left him devastated and got into his soul.
Latest ITV News reports
Lord McAlpine will receive a payment of £185,000 after a settlement was reached with the BBC over false claims made in a Newsnight report.
George Entwistle will receive a 12-month salary after stepping down from the BBC, he is also reported to be entitled to his full pension.