About time for a piece of news (4)
I believe the answer is:
item
'a piece of news' is the definition.
(I've seen this before)
'about time' is the wordplay.
'about' is an anagram indicator.
'time' with letters rearranged gives 'ITEM'.
'for' is the link.
(Other definitions for item that I've seen before include "One article" , "Separate object or unit" , "Matter" , "Article, object" , "Single thing, poor mite" .)