BBC: Settlement 'reflects the gravity' of false allegations

A BBC Spokesman said:

The BBC has agreed terms with Lord McAlpine to settle his claim of libel against the Corporation.

The settlement is comprehensive and reflects the gravity of the allegations that were wrongly made.

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ITV pay compensation to McAlpine

ITV and Phillip Schofield have agreed to pay £125,000 to Conservative peer Lord McAlpine to settle his libel claim, after an incident on the This Morning programme in November.