Clue: Bought seat, so we're told, like editor (9)
Answer: PURCHASED
Explanation: Bought seat, so we're told, like editor (9) 
(homophone of PERCH??) + AS ED
 
I've said it before, but I hate homophones, especially ones like this. I'm Scottish, so as far as I am concerned this doesn't work (I suppose there may be some places where this works)