TWICE THE TWITTER?: So they’re officially doing it. According to the Verge Twitter is pulling the trigger on the long-rumored switch to 280 characters, which is double the current 140. This move is consistent with a strategy to increase user engagement on the site. The rationale is that longer tweets will be more conversational in nature, and lead to increased time on the platform. But there could be a downside. Part of the beauty of Twitter is the bite-sized posts which read like quick hits. Will 280 characters still retain the essence of brevity which we’ve all become used to? It’s interesting that most test users of the new 280 character standard didn’t max out the new space. Is that because they’re used to the current 140 and will eventually normalize to 280? And when more users start bumping up against the new 280 ceiling will Twitter raise the limit again? And most importantly, will this lead to even longer tweets by President Trump? Eeek!
CUMULUS SAYS THE “B” WORD: As they 30-day countdown clock winds down on Cumulus’s default of interest payments it missed, the B word (as in bankruptcy) is starting to be used. The possibility was articulated by Cumulus CFO John Abbot during Thursday’s Q3 earnings call. Since a negotiated bankruptcy would wipe out over 90% of the debt value for creditors, Cumulus is trying to use the bankruptcy threat as a way to get its lenders to the bargaining table to restructure its loans at more favorable terms. But according to the attached RadioInk article, there doesn’t appear to be any movement towards a negotiation. In the meantime Cumulus’s December 1st default deadline is getting closer.
THANKING OUR VETERANS: If you’re a long-time reader of the Daily Gabe you know I take a special appreciation in Veterans Day and the commitment made by those who have served and are currently serving. Our veterans put themselves in harm’s way and sacrifice time with their families so that we can enjoy lives with ours. In return we must give them our respect and appreciation. So tomorrow (on the actual Veterans Day Holiday), please call every vet you know and say thank you. Even if it’s a parent or grandparent who served decades ago, your acknowledgment of their sacrifice will be appreciated. And if you want to know what sacrifice looks watch this Veterans Homecoming compilation video. The reaction from the spouses, children and even the dogs will tell you just how much these families have sacrificed for us and our country. Thank you, veterans!
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