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Tue Dec 18, 2012, 06:18 AM

Lord McAlpine settlement reached with BBC and ITV

Conservative peer Lord McAlpine has formally settled his libel actions against the BBC and ITV at London's High Court.

It comes after the former minister was wrongly implicated in child sex abuse allegations.

He was not at court to hear the unreserved apologies made for the damage and distress caused.

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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.

http://www.bbc.co.uk/news/uk-20768656

I'm guessing he'll give it all to charity.

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