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Brenden - i too remember that case.
The Daile Express published a seriously poisonous character assasination of Liberace, who, being alive, was able to take legal redress, and as you say, was given a retraction, costs and damages.
History did indeed prove the substance of the paper's claim, if not the vitrio with which it was offered - and if the same were to occur here, then that would be perfectly acceptable, but my point is that the nation are judge jury and executioner, based on information supplied by a media which itself must have been at least as aware and complicit as the BBC. It's either or neither, so as sp1814 points out, the mdeia huffing and puffing could yet prove to be their own downfall.
Beware lest you chase your quarry over the cliff, as the saying goes.