Working around new edition of rag or newspaper? (5)
I believe the answer is:
organ
'newspaper?' is the definition.
(organ can refer to a newspaper or journal)
'working around new edition of rag' is the wordplay.
'working' becomes 'on' (e.g. a machine is working or on).
'around' indicates putting letters inside.
'new edition of' indicates an anagram.
'rag' is an anagram of 'rga'.
'on' going around 'rga' is 'ORGAN'.
'or' acts as a link.
(Other definitions for organ that I've seen before include "Instrument with stops" , "House journal" , "with a lofty tone?" , "stops on one" , "Body part - musical instrument" .)