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. Seven times previously, the Swedish Academy has chosen to declare a “reserved 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 present decision was arrived at in view of the currently diminished Academy and the reduced public confidence in the Academy. Work on the selection of a laureate is at an advanced stage and will continue as usual in the months ahead but the Academy needs time to regain its full complement, engage a larger number of active members and regain confidence in its work, before the next Literature Prize winner is declared.
You can read the whole press release here.