Report about for example downgrade (8)
I believe the answer is:
relegate
'downgrade' is the definition.
(I've seen this before)
'report about for example' is the wordplay.
'report' becomes 'relate' (I've seen this before).
'about' means one lot of letters goes inside another.
'for example' becomes 'e.g.' (short for 'exempli gratia', 'for example' in Latin).
'relate' going around 'eg' is 'RELEGATE'.
(Other definitions for relegate that I've seen before include "Downgrade" , "Move to a lower position" , "Consign to less important place - maybe a soccer team" , "Move to a lower division" , "Transfer to a lower division" .)