It seems that Stefano Tonchi is still the front runner in the race for editor-in-chief at W. According to WWD, a "highly placed source inside the New York Times" said that Tonchi still had not made a decison on accepting W's offer as of Friday afternoon. Though, a Conde Nast insider said that Tonchi has already taken the job but just did not want to announce it so soon after the split from WWD and Fairchild Fashion Group.
Though it looks likely that Tonchi will take the job, it is not completely sure due to all the rumors floating around. One can only wait and see how this pans out.
An announcement is expected to happen as soon as today.
Update: T staffers were informed that Tonchi was named editor-in-chief at just past 11:30 am this morning. He starts at W on April 12.
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