The most common and most likely answer to this crossword clue is the 7 letter word FEATURE
I've seen this crossword clue in The Times
F
E
A
T
U
R
E
More clues leading to the result FEATURE
Buddy explains!

The straight part
We know that "eye, maybe/newspaper story" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case eye, maybe/newspaper story = feature.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does FEATURE mean?
FEATURE noun- One's structure or make-up: form, shape, bodily proportions.
- An important or main item.
- A long, prominent article or item in the media, or the department that creates them; frequently used technically to distinguish content from news.
- Any of the physical constituents of the face (eyes, nose, etc.).
- A beneficial capability of a piece of software.
- The cast or structure of anything, or of any part of a thing, as of a landscape, a picture, a treaty, or an essay; any marked peculiarity or characteristic.
- Something discerned from physical evidence that helps define, identify, characterize, and interpret an archeological site.
- Characteristic forms or shapes of parts. For example, a hole, boss, slot, cut, chamfer, or fillet.
- (machine learning) An individual measurable property or characteristic of a phenomenon being observed.
- The act of being featured in a piece of music.
- The elements into which linguistic units can be broken down.
- To ascribe the greatest importance to something within a certain context.
- To star, to contain.
- To appear, to make an appearance.
- To have features resembling.