Yes, this is true that Cornell Johnson has merged 1 Year MBA program with the Cornell Tech 1 year. So from this year there will not be any admissions pertaining to Cornell 1 year MBA program.
From now onwards there will be two MBA programs that Cornell will run-
1. Flagship 2 year MBA program - based out of Ithaca, NY University campus
2. Cornell Tech MBA 1 YEAR (referred as JCT- Johnson Cornell Tech) - based out of NYC (with summer term at Ithaca and Fall/Spring terms are NYC campus