What happens to GNS after ContentOne’s launch?

Regarding the new editorial service that CEO Craig Dubow unveiled before Wednesday’s UBS conference, a reader tells me the following in an e-mail; can anyone else confirm — and add details?

The ContentOne concept, which management concedes has not been fully thought out, will also eliminate Gannett News Service, which has to date collected and edited stories from papers and put them on its wire for all to use. There may be a few reporters and editors left at GNS, but they would be part of ContentOne. GNS’s 60 employees will be able to ask for a buyout, but the terms and conditions of those buyouts won’t be revealed until early January. Gannett wants GNS to cover the Obama inauguration, so it is deferring the buyouts and layoffs until after the inauguration.

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