Business

Associated media - Related media Settling into the first tram of the morning at Vermont’s Jay Peak resort last month, I looked down to see a young boy wearing a neon helmet pressed against the window, his father next to him, as excited as I was to ski the foot of fresh snow. The boy told me that he was 10 years old. I asked him why he liked coming to Jay Peak. “Because of the Jay Cloud,” he said matter-of-factly, as if it were obvious. “It has the best snow.” As if on cue, the world outside the aerial tram car suddenly went from blue to white. Sixty of us in the rising tram were in our own personal snow globe. The mystique of Jay Peak, the northernmost ski area in Vermont, is intimately bound to the Jay Cloud, a mythical storm cloud that hovers over its rocky summit. The resort, five...

Connected media - Associated media Cutbacks were just announced at Law360, The Intercept and the youth-oriented video site NowThis, which laid off half its staff. The tech news site Engadget, which comprehensively tracks tech layoffs, laid off its top editors and other staff members. Condé Nast and Time are shedding employees. The continued existence of Vice Media, once valued at $5.7 billion, and Sports Illustrated, in another era the most influential sports publication, is uncertain. The Los Angeles Times and The Washington Post eliminated hundreds of journalists between them. One out of four newspapers that existed in 2005 no longer does. The slow crash of newspapers and magazines would be of limited interest save for one thing: Traditional media had at its core the exalted and di...