Censor's given good report (4)
I believe the answer is:
bang
'report' is the definition.
(thesaurus)
'censor's given good' is the wordplay.
'censor' becomes 'ban' ('ban' can be a synonym of 'censor').
'given' says to put letters next to each other.
'good' becomes 'g' (abbreviation).
'ban'+'g'='BANG'
(Other definitions for bang that I've seen before include "Sound of explosion" , "Slam" , "Loud noise; fringe" , "precisely" , "Sound of a gunshot" .)