Magazine I dole out (5)
I believe the answer is:
oldie
'magazine' is the definition.
(The Oldie is a magazine)
'i dole out' is the wordplay.
'out' indicates an anagram (out can mean wrong or inaccurate).
'i'+'dole'='idole'
'idole' with letters rearranged gives 'OLDIE'.
(Other definitions for oldie that I've seen before include "Aged person or thing" , "Publication" , "Once popular song (perhaps "golden")" , "Aged person (colloq.)" , "one who is past it?" .)