Gilt Groupe Cuts Include 10 Percent of Employees and Two Executives

The luxury e-commerce and flash sales site has trimmed roughly 10 percent — as many as 90 — of its employees, including some of its management team.
giltgroupe

Guardian Media Group Buys paidContent for $30 Million

In what will be yet another new media coup, sources tell BoomTown that Britain’s Guardian Media Group will announce this morning that it will buy the digital media news site paidContent for a price “north of $30 million.”