Our late Queen as shown in The Times (4)
I believe the answer is:
eras
'the times' is the definition.
(era is a kind of time)
'our late queen as' is the wordplay.
'our late queen' becomes 'ER' (Elizabeth Regina, ie Queen Elizabeth).
'er'+'as'='ERAS'
'shown in' acts as a link.
(Other definitions for eras that I've seen before include "Epochs" , "typeface" , "Periods, ages" , "Periods of time" , "Long and distinct periods of history" .)