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Present time bad to shackle news providers (9)

Ross

I believe the answer is:

immediate

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'present' is the definition.
(similar in meaning)

'time bad to shackle news providers' is the wordplay.
I cannot quite understand how this works, but
'time' could be 't' (abbreviation) and 't' is found in the answer.
'news' could be 'media' (I've seen this in another clue) and 'media' is found in the answer.
This explanation may well be incorrect...

Can you help me to learn more?

(Other definitions for immediate that I've seen before include "Instantaneous" , "Prompt,straightaway" , "Present" , "Prompt, straightaway" , "Occurring without delay" .)

I've seen this clue in The Sun.
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