As it happened: MPs quiz BBC bosses over pay-offs

Key Points

• Former BBC director general Mark Thompson has been questioned by MPs over the size of severance deals totaling £25m paid by the corporation
• Mr Thompson said the deals had offered "value for money" by cutting the number of senior managers and saving millions of pounds a year in salaries
• Committee chairwoman Margaret Hodge suggested the issue had shown "incompetence, a lack of central control, a failure to communicate" by the BBC