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.
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.
BBC director general George Entwistle has fallen on his sword following the Newsnight child abuse scandal.