By Marcus Leach

BSkyB have reported a 15% decrease in pre-tax profits, as well as confirming that James Murdoch will continue as chairman.

The satellite broadcaster saw annual profits drop to £1 billion, and further to that News Corp has announced they will not be buying the remaining 61% of the company it doesn't already own, following the phone-hacking scandal that rocked the UK.

It was not all bad news for BSkyB though as operating profits rose 23% to £1.07 billion.

BSkyB chief executive Jeremy Darroch confirmed that the decision for James Murdoch to stay on as chairman was a unanimous one.

"There was a long discussion as you would expect at the board yesterday around governance, and that included the role of chairman, and the outcome was that the board was unanimous in its support for James as chairman," he told BBC News.

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