News very recently on the street (6)
I believe the answer is:
latest
'news' is the definition.
(the latest means the latest news)
'recently on the street' is the wordplay.
'recently' becomes 'late' (of late).
'on' says to put letters next to each other (in a down clue, letters appear on others).
'the street' becomes 'st' (abbreviation).
'late'+'st'='LATEST'
'very' acts as a link.
(Other definitions for latest that I've seen before include "News update" , "delayed more than all others" , "Most recent (news)" , "style of today" , "Stop press news?" .)