Complex sentence: Specific rules of the show are yet to be released and the host is yet to be announced, but it has been reported that the hosting role may be given to Nine Network's "Today" weatherman Steven Jacobs.
Split into simpler sentences: Specific rules of the show are yet to be released and the host is yet to be announced. It has been reported that the hosting role may be given to Nine Network's "Today" weatherman Steven Jacobs.