Rearranged live coverage (4)
I believe the answer is:
veil
'coverage' is the definition.
(thesaurus)
'rearranged live' is the wordplay.
'rearranged' indicates anagramming the letters.
'live' is an anagram of 'VEIL'.
(Other definitions for veil that I've seen before include "coverage" , "Bridal headdress" , "Face-covering for brides and other women" , "Face concealer" , "Mask" .)