BREAKING. Fareed Zakaria suspended by CNN International and TIME magazine following accusations of plagiarism.

Fareed Zakaria of Fareed Zakaria GPS on CNN International (DStv 401) on Sundays at 14:00 (South African time) who also writes for TIME magazine has been suspended by both CNN and TIME after allegations of plagiarism in his latest TIME article which contain text similar to that found in an April article in The New Yorker.

"Media reporters have pointed out that paragraphs in my TIME column this week bear close similarities to paragraphs in Jill Lepore's essay in the 22 April issue of The New Yorker. They are right. I made a terrible mistake. It is a serious lapse and one that is entirely my fault. I apologize unreservedly to her, to my editors at TIME, and to my readers," Fareed Zakaria says in a press statement.

TIME has now suspended Fareed Zakaria immediately, saying in a statement: "TIME accepts Fareed Zakaria's apology, but what he did violates our own standards for our columnists, which is that their work must not only be factual bur original; their views must not only be their own but their words as well. As a result, we are suspending Fareed's column for a month pending further review."

CNN in turn said that "CNN has suspended Fareed Zakaria while this matter us under review."