Piece hot off the press, Times cryptic (4,4)
I believe the answer is:
news item
'piece' is the definition.
(thesaurus)
'hot off the press times cryptic' is the wordplay.
'hot off the press' becomes 'new' (I've seen this in another clue).
'cryptic' indicates an anagram (a cryptic or obscure order of the letters).
'times' with letters rearranged gives 'sitem'.
'new'+'sitem'='NEWS ITEM'
(Other definitions for news item that I've seen before include "Piece of important information" , "Piece of topical information" , "Piece of information in paper etc" .)