Somewhat disparaged paper (3)
I believe the answer is:
rag
'paper' is the definition.
(rag can mean a newspaper)
'somewhat disparaged' is the wordplay.
'somewhat' says the answer is hidden in the clue.
'RAG' is hidden in the letters of 'disparaged'.
(Other definitions for rag that I've seen before include "Sensational paper" , "played by Scott Joplin?" , "Small piece of cloth and university week" , "Piece of cloth for student's fun" , "University festival or torn cloth" .)