In a move not uncommon for firms with new CEO's, LookSmart issued lower financial guidance for this past quarter and announced it would shake up management, according to ClickZ. LookSmart hired CEO David Hills from 24/7 Real Media only a few months ago, and as per what has become standard practice among publicly traded companies, the financial picture is being painted grim, booking losses early and setting expectations low. LookSmart said it would face a loss of from $1.4 million to $1.7 million for Q4. The company reduced its sales divisions from three to two: a consumer products division that includes properties such as Net Nanny and Furl.net and a paid listings and syndication division. LookSmart hired About's general manager of web services to run the consumer division and a former 24/7 sales executive for the paid listings operation.