The two journalists Maria Ressa from the Philippines and Dmitrij Muratow from Russia will receive the Nobel Peace Prize this year.
The Norwegian Nobel Committee announced on Friday.
The chairman of the committee, Berit Reiss-Andersen, said at the announcement in Oslo that they received the award for their efforts to uphold freedom of expression, which is a prerequisite for democracy and lasting peace.
Her award is intended to underline the importance of protecting freedom of expression and freedom of the press.
Last year, the Nobel Peace Prize went to the United Nations World Food Program, which was honored, among other things, for its fight against hunger in the world.
As in the previous year, the Nobel Prizes are endowed with ten million Swedish kronor (around 980,000 euros) per category.
The winners in the categories medicine, physics, chemistry and literature had already been announced earlier this week.
Among them were two Germans, the meteorologist Klaus Hasselmann and the chemist Benjamin List.
Next Monday, the Nobel Prize for Economics will follow, which is the only one of the prizes that does not go back to the testament of the dynamite inventor and prize donor Alfred Nobel (1833-1896).
The Nobel Peace Prize is the only Nobel Prize awarded not in Stockholm but in Oslo and is considered the most prestigious political award in the world.
329 candidates - 234 personalities and 95 organizations - have been nominated this time.
This is the third largest number of nominees ever.
The names of the nominees are traditionally kept secret for 50 years.
Former Chancellor Willy Brandt, the last German prize winner, was honored in 1971 for his Ostpolitik, which contributed to the relaxation of the Cold War.