MEDIA

News Corp. to Make New Equity, Debt Offerings: News Corp. said it was preparing a $450-million equity offering to the public in addition to a separate issue of at least $250 million in long-term debt. The offering is the third phase of its plan to restructure its more than $8-billion debt load. Within the past two weeks, News Corp. announced plans to raise about $543 million by spinning off a 55% stake in its Australian commercial printing and magazine operations and issued $175 million in exchangeable preference shares in private placement to three investors. Analysts said the moves are in part timed to a resurgence in News Corp.’s stock price--up nearly 400% in the past year.