I made out papers and TV (5)
I believe the answer is:
media
'papers and tv' is the definition.
'i made out' is the wordplay.
'out' is an anagram indicator (out can mean wrong or inaccurate).
'i'+'made'='imade'
'imade' is an anagram of 'MEDIA'.
(Other definitions for media that I've seen before include "oil and water, maybe" , "Vehicles" , "News industry" , "Press, TV, radio" , "Mass communicators" .)