Character shown by cricket side currently going out (2,3)
I believe the answer is:
on air
'currently going out' is the definition.
(being broadcast on air)
'character shown by cricket side' is the wordplay.
'character' becomes 'air' (air can mean a character or mood).
'shown by' means one lot of letters go next to another.
'cricket side' becomes 'on' (cricket term, on or leg side).
'air' after 'on' is 'ON AIR'.
(Other definitions for on air that I've seen before include "Currently broadcasting" , "Broadcasting live" , "In the process of broadcasting on radio or TV" , "now showing" , "very happily?" .)