Local is held wrongly, and released (9)
I believe the answer is:
published
'released' is the definition.
('publish' can be a synonym of 'release')
'local is held wrongly' is the wordplay.
'local' becomes 'pub' (I've seen this before).
'wrongly' indicates an anagram.
'is'+'held'='isheld'
'isheld' with letters rearranged gives 'lished'.
'pub'+'lished'='PUBLISHED'
'and' acts as a link.
(Other definitions for published that I've seen before include "available to readers?" , "Issued" , "Out for all to see" .)