Complex sentence: In 2015 it was announced the Ferens Art Gallery will be hosting the prestigious annual art prize The Turner Prize in 2017, which is held outside London every other year, it receives more media coverage than any other art prize.
Split into simpler sentences: In 2015 it was announced that the Ferens Art Gallery will be hosting the prestigious annual art prize, The Turner Prize, in 2017. This important art prize receives more media coverage than any other art prize.