Complex sentence: He was recognized for his accomplishments in journalism in 1994, when he was awarded the National Press Club's Edwin M. Hood Award for Diplomatic Correspondence, in recognition for his cover story on PLO finances that he co-wrote for the magazine.
Split into simpler sentences: He was recognized for his accomplishments in journalism in 1994, when he was awarded the National Press Club's Edwin M. Hood Award for Diplomatic Correspondence. This honor was awarded in recognition for a cover story on PLO finances that he co-wrote for the magazine.