The Swedish Academy says the Nobel Prize in literature will be not awarded this year following sex-abuse allegations and other issues within its ranks that have tarnished the body's reputation.
The academy said today the 2018 prize will be given in 2019.
The decision was made at a weekly meeting in Stockholm on the grounds that the academy is in no shape to pick a winner after a string of sex abuse allegations and financial crimes scandals.
In a statement, the academy said the decision "was arrived at in view of the currently diminished Academy and the reduced public confidence in the Academy." It will be the first time since wartime 1943 that the prestigious award is not handed out.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app