British Sky Broadcasting (BSkyB — formerly two companies, Sky Television and BSB) is a company that operates Sky Digital, a subscription television service in the UK and the Republic of Ireland. It produces TV content, and owns several TV channels. More than a third of the equity is owned by News Corporation, an American company chaired by Rupert Murdoch, who is currently the Non-Executive Chairman of BSkyB (although it has been announced he will be stepping down from this role ). (Note: News Corporation's precise shareholding fluctuates due to share options and buy backs and was 39% at February 2007). For the year to 30 June 2006 BSkyB had turnover of £4.148 billion, and made a profit of £798 million before tax and £551 million after tax. As of 30 June 2006 it had 8,176,000 direct to home customers in the UK and Ireland. However, this figure also includes all those who subscribe to "Sky By Wire" IPTV services such as Tiscali TV. As of the same date it also had 3,294,000 indirect customers through the cable operator Virgin Media in the UK, and a further 604,000 indirect cable customers on UPC Ireland in the Republic of Ireland. Due to a financial dispute, Virgin Media's inclusion of BSkyB's basic channels in its most popular "M", "L" and "XL" packages ended at the end of February 2007, and is no indication of this situation changing in the near future. However, Sky Sports and Sky Movies channels are still offered to Virgin Media customers as premium services.