Lord McAlpine has reached a £125,000 settlement with ITV and Phillip Schofield over a This Morning show in which a list of alleged paedophiles was shown to the Prime Minister.
During the show, presenter Schofield handed a piece of paper to David Cameron saying it was a list of senior Tories who were being linked on the internet to a paedophile ring.
In a statement, the broadcaster said: "ITV and Phillip Schofield have now reached agreement with Lord McAlpine to settle his libel claim, made in relation to the This Morning programme broadcast on November 8, 2012.
"ITV and Phillip Schofield apologise unreservedly to Lord McAlpine, have agreed the terms of a statement to be made in open court, and have agreed to pay him damages of £125,000 and his legal costs."
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