Journalist receiving award for insert (5)
I believe the answer is:
embed
'for insert' is the definition.
(embedding is a kind of inserting)
'journalist receiving award' is the wordplay.
'journalist' becomes 'ed' (short for editor).
'receiving' means one lot of letters goes inside another.
'award' becomes 'MBE' (Member of the British Empire).
'ed' enclosing 'mbe' is 'EMBED'.
(Other definitions for embed that I've seen before include "Fix firmly and deeply" , "Plant deeply" , "Fix firmly (in ground)" , "Fix fast in something solid" , "Put entirely inside something else" .)