The most common and most likely answer to this crossword clue is the 7 letter word BALDING
I've seen this crossword clue in Independent
B
A
L
D
I
N
G
More clues leading to the result BALDING
Buddy explains!

The straight part
We know that "Sports broadcaster/state of shock" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case sports broadcaster/state of shock = balding.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does BALDING mean?
BALDING verb- To become bald.
- Becoming bald, especially having male pattern baldness