by Gavin O'Malley on May 4, 1:31 PM
Social network platform provider Ning has signed a letter of intent with a major educational publisher to keep its service free for educators, The New York Times’
Bits blog reports. Last month, the once high-flying Ning announced plans to nix its free product, and, in turn, force “existing free networks to either make the change to premium accounts or migrate their networks elsewhere.â€� To boot, Ning CEO Jason Rosenthal -- who recently replaced the charismatic Gina Bianchini -- said the company had to cut nearly 70 employees, or more than 40% of its staff. According to Bits, the loss …