Things are in a flux at the Guardian Media Group, though not necessarily in a bad way. Among them, the UK media group may sell off non-core assets: divesting its Auto Trader magazine division and Smooth FM radio station, which may fetch the company nearly 1 billion pounds.

On the editorial side, Guardian editor Alan Rusbridger has put together a crack team of executives to work on an internet project described as a ”massive extension of our comment and analysis”. The new “Content Group” has roped in its senior editors.

Guardian’s own story on the reshuffle: The Guardian Unlimited editor in chief, Emily Bell, will also become executive editor, overseeing “the further convergence of the site and the paper”.

From a blog post on Guardian’s own site: “A live comment blog which will pull in not only the best of our commentators’ work but the views of other bloggers, critics, academics, writers, technologists, thinkers etc., in a sort of British version of the Huffington Post.”