Newspaper a bit old scrapped (7)
I believe the answer is:
'newspaper' is the definition.
(tabloid is a type of newspaper)
'a bit old scrapped' is the wordplay.
'scrapped' is an anagram indicator.
'abitold' with letters rearranged gives 'TABLOID'.
(Other definitions for tabloid that I've seen before include "Popular style of newspaper, not broadsheet" , "Smaller-sized newspaper" , "Newspaper with smaller pages and popular content" , "Small format newspaper" , "Ad lib to get lowbrow newspaper" .)