Newspaper felt cutting photo could be sensible (9)
I believe the answer is:
pragmatic
'sensible' is the definition.
(pragmatic means sensible or realistic)
'newspaper felt cutting photo' is the wordplay.
'newspaper' becomes 'rag' (informal term for a newspaper).
'felt' becomes 'mat'.
'cutting' indicates putting letters inside (some letters cut their way into a word).
'photo' becomes 'pic' (I've seen this in another clue).
'rag'+'mat'='ragmat'
'ragmat' going into 'pic' is 'PRAGMATIC'.
'could be' is the link.
(Other definitions for pragmatic that I've seen before include "Matter-of-fact" , "Down-to-earth" , "Practical" , "Realistic" , "for best results?" .)