Europe's biggest media group Bertelsmann [BERT.UL] said it had the financial muscle to look at acquisitions again after reducing its debt, and would look at Warner Music Group (WMG.N) and possibly EMI. Bertelsmann, which launched its biggest-ever cost saving programme in 2009 to combat the impact of the financial crisis, reduce its debt and fight a steep decline in advertising markets, has high hopes for its music-rights business BMG. "Restructuring is pretty much done and debt is no longer an issue," Chief Financial Officer Thomas Rabe said on Tuesday, promising continued growth this year after 2010 group sales rose 4.5 percent to 15.8 billion euros ($22.3 billion).
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