Consider the function $$F(x)=\int_0^\infty \frac{f(y)}{x+y} \, dy, \quad0<x<\infty$$
Prove that if $1<p<\infty$, $$\|F\|_p\le \frac{\pi}{\sin(\pi/p)}\|f\|_p$$ and show that the constant is the best possible.
Since this problem came from a chapter on convolution, I think it might help to rewrite the integral in the form of a convolution over $\mathbb{R}$. I'm thinking of setting $z=x+y$ so that $y=z-x$.
Also, to evaluate the constant, this might be helpful:
for $0<a<1$, $$\int_0^\infty \frac1{(1+x)x^a} \, dx=\frac{\pi}{\sin\pi a}$$
Somewhat related: Prove $ F(x)=\int_0^{\infty}\frac{f(y)}{x+y}dy $ is continuous on $(0,\infty)$ and differentiable, and have $\lim\limits_{x\to \infty} F(x)=0$.