Crossword Genius

Broadsheet lost its base misrepresenting blistering item? (6)

Ross

I believe the answer is:

redhot

I'm a little stuck... Click here to teach me more about this clue!

'broadsheet lost its base misrepresenting' is the definition.
I know nothing about this answer so I can't tell whether this works.

'blistering item?' is the wordplay.
I cannot really understand how this works, but
'blistering' could be 'hot' (similar in meaning) and 'hot' is present in the answer.
The remaining letters 'red' is a valid word which might be clued in a way I don't see.
This explanation may well be incorrect...

Can you help me to learn more?

(Another definition for redhot that I've seen is " Poker tip may be".)

I've seen this clue in The Irish Times.
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