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source | wwd.com
Some sources claim Stefano Tonchi has signed a deal to become editor in chief of W.
IS HE OR ISN’T HE?: The rumor mill grinds on. It seems W magazine will be getting an editor in chief any minute now, and it will, in all likelihood, be Stefano Tonchi — depending on whom you ask. One highly placed source inside The New York Times confirmed Tonchi has been speaking with Condé Nast, but said the editor had not yet made a decision regarding the W job as of Friday. But several other sources said Tonchi had already signed a deal with Condé Nast. “It’s been known for a while, but they didn’t want to announce it all in one day,” said one Condé Nast insider, referring to the split between W and WWD. “They wanted to give [it] breathing room.” It is widely believed the company will reveal its pick for W’s top spot as early as today.
And while a Condé Nast spokeswoman denied a decision had been made, she said there “will be an announcement possibly early next [this] week.”
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