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.
More top news
After a gloomy start things look a bit brighter this afternoon and temperatures will be unusually warm for this time of year.
The government says it won't ever completely decriminalise drugs but has it worked for other countries?
The owners of Merseyside's oldest pub have released the note written to them by thieves who raided and flooded their building.