Strip is reportedly censored (4)
I believe the answer is:
band
'strip' is the definition.
(band is a kind of strip)
'reportedly censored' is the wordplay.
'reportedly' indicates a 'sounds like' (homophone) clue.
'censored' becomes 'banned' ('ban' can be a synonym of 'censor').
'banned' sounds like 'BAND'.
'is' is the link.
(Other definitions for band that I've seen before include "Outline drawing" , "company" , "See 23" , "Belt; group of musicians" , "Strip, belt; playing group" .)