What I'd like to do is get the featured image to be right-aligned. So, instead of the big image in Image-1, I'd like it to appear like Image-2 through css styling.

Sorry for the delay in responding, but I've been traveling...I actually got the padding issue figured out, but have another question:

If I'm using Style 1 for single posts in PenNews, what changes to the CSS could I use to limit the size of the image & align it to the right with a "float:right;"?

I'm trying to get a custom post type to look like the other pages on our site, but am running into a problem with padding/spacing. The center/main area on the page linked above has a lot of white space surrounding while on pages like http://www.1310kfka.com/home/schedule/, the padding is limited.  

What's a good way to get the show page middle section to not have so much padding?