Crossword Genius

Award - the ultimate in radio? (5)

Ross

I believe the answer is:

oscar

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'award' is the definition.
(an Academy Award)

I cannot understand how the remainder of the clue works.

Can you help me to learn more?

(Other definitions for oscar that I've seen before include "- - Hammerstein (musicals)" , "One close to Mike" , "Film industry award" , "Cinema award" , "US film award" .)

I've seen this clue in The Independent.
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