Much to dish out to audience (1,3)
I believe the answer is:
a lot
'much' is the definition.
(synonyms)
'dish out to audience' is the wordplay.
'dish out' becomes 'allot' (allotting is a kind of dishing out).
'to audience' indicates a 'sounds like' (homophone) clue (how it might sound to an audience).
'allot' sounds like 'A LOT'.
'to' acts as a link.
(Other definitions for a lot that I've seen before include "Greatly" , "A good deal" , "Much" , "Significant amount" , "What little things mean?" .)