The Swedish Academyannounced on Friday that it would postpone this year's Nobel Literature Prize and that it would be awarded in 2019. They both run a separate cultural forum, which received funding from the academy.
The decision follows a scandal over sexual misconduct allegations that has seen a string of board members resign from the board of the Swedish Academy that awards it.
He has denied all the allegations.
Anders Olsson, interim Permanent Secretary, announced that the Academy would be working on regaining public confidence before announcing the next laureate. She was later ousted from her position - although she remained a member of the academy - prompting complaints that she was being sacrificed for her desire to bring openness and accountability to the organization.
The accusers include Academy members and their relatives, and some of the alleged assaults occurred during Swedish Academy functions.
The Nobel Foundation, which administers the estate of dynamite inventor Alfred Nobel, said the crisis at the Academy had "adversely affected" the Nobel Prize.
The Nobel Prizes for other categories are not impacted by this decision, and will go ahead as planned later this year.
The academy had been discussing whether to postpone the announcement after several of the 18 board life-members left the group due to the scandal.
It marks the first time since 1943 that the prize has not been handed out. The academy later admitted in a report that "unacceptable behaviour in the form of unwanted intimacy" took place within its ranks, but its handling of the allegations shredded the body's credibility. Arnault was also accused of leaking the name of the victor in advance at least three times.
The female member has since quit along with the academy's head and four other members.
Members agreed to review the academy's operating practices at this week's meeting.
But commentators have said that the global image of the Academy has been 'seriously tarnished'. For example, no prize was awarded in 1936, but the prize for that year was awarded a year later to American playwright Eugene O'Neill. In five of those instances, the Academy awarded a victor at the same time as the next year's.
'The 2018 Literature Nobel Prize will be designated and announced at the same time as the 2019 victor, ' according to a press release on the decision to alter the ceremony for the first time in almost 70 years.
The Academy has made a decision to present the 2018 victor alongside the 2019 victor next year.
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