1640s, "publisher," from Latin editor "one who puts forth," agent noun from editus, past participle of edere "to bring forth, produce" (see edition). By 1712 in sense of "person who prepares written matter for publication;" specific sense in newspapers is from 1803.
-ship
word-forming element meaning "quality, condition; act, power, skill; office, position; relation between," Middle English -schipe, from Old English -sciepe, Anglian -scip "state, condition of being," from Proto-Germanic *-skepi- (cognates: Old Norse -skapr, Danish -skab, Old Frisian -skip, Dutch -schap, German -schaft), from *skap- "to create, ordain, appoint," from PIE root *(s)kep-, forming words meaning "to cut, scrape, hack" (see shape (v.)). It often forms abstracts to go with corresponding concretes (friend/friendship, etc.).