Conservative MP Rob Wilson, who had written to Ofcom and to the BBC Trust over Newsnight's false reports, has told ITV News that the corporation's settlement with Lord McAlpine is an "expensive lesson" for the BBC and for the licence fee payer:
This is a very expensive lesson for the BBC that it must maintain the highest standards of journalism and fairness at all times.
The settlement is also expensive and particularly hard on the license fee payer.
Many license fee payers will be incensed that they are paying for a self-inflicted wound.
Unfortunately, a protracted court case may well have cost a great deal more.