Former Tory Party treasurer Lord McAlpine was not at London's High Court to hear solicitors for the BBC and ITV offer unreserved apologies for the damage and distress caused by the mis-reporting.
His lawyers confirmed that the agreements involved the payment of £185,000 damages by the BBC and £125,000 from ITV, together with very substantial costs.
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ITV Border Political Editor Peter MacMahon says it's far too early to call this referendum.
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