Crossword Genius

Papers regularly give gift (7)

Ross

I believe the answer is:

pressie

'gift' is the definition.
(short for 'present')

'papers regularly give' is the wordplay.
'papers' becomes 'press' (I've seen this before**).
'regularly' means one should take alternating letters (regularly take one letter, leave next etc.).
The alternating letters of 'give' are 'ie'.
'press'+'ie'='PRESSIE'

(Other definitions for pressie that I've seen before include "Something freely given" , "Informally, offering" , "Gift (colloq.)" .)

I've seen this clue in The Telegraph.
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