A module similar to Innovation News Module for Drupal7?
I think you can easily replace this module by a bunch of other module and that maybe the reason why the module is not anymore maintained. I will try to give you some clues to archive your goal, but maybe you need code a bit.


Flag - Flag allows you to associate content to an edition.
Views - Flag work with views, that allows you create views for each edition
Views Bulk Operations - With Views and VBO you can easily create control panel for each edition.


I hope this can help you.