What does the cryptic crossword clue "Present reporter's award for bravery (5)" mean?

The definition is "Present". The wordplay uses a homophone (sounds like). Sounds like [reporter’s] “MC” (award for bravery – Military Cross). EMCEE as a verb meaning to host or present an event is in Collins. The answer is EMCEE.

Present reporter's award for bravery (5)

Times Cryptic #28670 | 25 Across | 2023-08-01 flower

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