The Nobel Literature Prize will be not awarded this year following sex-abuse allegations and other issues within the ranks of the Swedish Academy that selects the winner.
"The Swedish Academy intends to decide on and announce the Nobel Prize in Literature for 2018 in parallel with the naming of the 2019 laureate," it said.
The institution, founded in 1786, has on seven previous occasions chosen to reserve the prize: in 1915, 1919, 1925, 1926, 1927, 1936 and 1949.
"On five of those occasions, the prize was delayed then awarded at the same time as the following year's prize," the Academy said in a statement.
The body has been plunged in crisis since November, in the wake of the global #MeToo campaign, when Swedish newspaper of reference Dagens Nyheter published the testimonies of 18 women claiming to have been raped, sexually assaulted or harassed by Jean-Claude Arnault, an influential figure on the Swedish culture scene.
Arnault, the French husband of Academy member and poet Katarina Frostenson, has denied the allegations.
The revelations have sowed discord among the Academy's 18 members about how to move forward, and in recent weeks, six of them have chosen to resign, including permanent secretary Sara Danius.
"The active members of the Swedish Academy are of course fully aware that the present crisis of confidence places high demands on a long-term and robust work for change," the Academy's interim permanent secretary Anders Olsson said in the statement.
"We find it necessary to commit time to recovering public confidence in the Academy before the next laureate can be announced," he said.