Lord McAlpine's counsel, Sir Edward Garnier QC, said the peer had nothing but sympathy for Newsnight interviewee Steve Messham and for other boys who suffered abuse.
Mr Messham withdrew his allegations and apologised having been shown a photo of the former minister after the infamous programme aired.
Sir Edward Garnier QC, said Lord McAlpine wished it to be known that he generally held the BBC in great esteem. But he said the Newsnight allegations had not only caused him great distress and embarrassment, but had affected him to his soul.
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From the time three bodies were found at a house in Oxfordshire to when prime murder suspect Jed Allen was found dead in woodland.
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The hunt for murder suspect Jed Allen has ended after police found his body two days after discovering his mother, stepdad and sister dead.