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.
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.