Headline place in band (6)
I believe the answer is:
splash
'headline' is the definition.
(I've seen this before)
'place in band' is the wordplay.
'place' becomes 'pl' (abbreviation used in postal addresses).
'in' is an insertion indicator.
'band' becomes 'sash' (a band of material).
'pl' placed into 'sash' is 'SPLASH'.
(Other definitions for splash that I've seen before include "Spattering of liquid from sudden disturbance" , "Lead news story" , "Publicity" , "Lead newspaper story" , "Prominent headline" .)