ENTERTAINMENT

News Corp. Completes Refinancing: Rupert Murdoch’s News Corp., parent company of the Fox film and TV studio, said it has taken the final step in its plan to improve its financial strength by obtaining a $3-billion, six-year revolving-credit facility from a group of 27 banks in Australia, the United States and Europe. The global media company has been recapitalizing for the last two years by selling off $1.4 billion in assets and raising $5.6 billion in new debt and equity after debt brought it perilously close to bankruptcy.