Take a word for someone that is happy.
Now add 3 letters in front of it, and you've climbed closer to the answer.
Remove the last 3 letters of it, and add 2 in their place, and you're going in the right direction.
Take just the last 2 letters of the word you currently have, and get rid of the rest of the word. Add 1 letter to the end of those 2 letters, and you've got something I might read over coffee.
What am I?