See paper in elevated room (4)
I believe the answer is:
'elevated room' is the definition.
'loft' can be an answer for 'room' (I've seen this before). I am unsure of the 'elevated' bit.
'see paper' is the wordplay.
'see' becomes 'lo' (archaic exclamation meaning 'look!').
'paper' becomes 'FT' (newspaper the FT, Financial Times).
'in' acts as a link.
Can you help me to learn more?
(Other definitions for loft that I've seen before include "Open space at the top of a building" , "Room At The Top" , "Space under barn roof for storing hay" , "Room or space under a roof" , "Storage space under a roof" .)