From The Gawker:
Why hasn’t Shepard Smith come out yet? The affable Fox News anchor has a longtime boyfriend, ranks among Fox’s most senior talent, and lives in New York City. It could be, of course, that he’s just a very private person, or—as the Times argued in October—that public attitudes have changed and nobody cares if a famous figure is gay.Or it could be that, when Smith tried to come out last year, Fox silenced and punished him. In the summer of 2013, according to multiple sources with knowledge of their exchange, Shepard Smith approached Fox News president Roger Ailes about publicly coming out. The newly attached anchor was eager, at the time, to finally acknowledge his sexuality. “It’s time,” he told Ailes and other colleagues. “It’s time.”Instead, Ailes informed Smith that the network’s famously conservative audience would not tolerate a gay news anchor. Ailes’ answer was definitive: Smith could not say he’s gay. “This came up during contract negotiations,” a Fox insider told Gawker. “Shep wanted to and was ready to come out, and Roger just said no.”Smith, one of Ailes’s first and most loyal disciples, acquiesced to his boss’s demand, and dropped the matter. But the discussion worried enough Fox executives to prompt Smith’s removal, in September 2013, from the channel’s coveted prime-time lineup. According to a Fox insider with direct knowledge of negotiations, Smith’s desire to come out was a large factor in the dramatic move.
You can read more of the story here, including the following statement from Ailes and Smith:
This story is 100% false and a complete fabrication. As colleagues and close friends at Fox News for 18 years, our relationship has always been rooted in a mutual respect, deep admiration, loyalty, trust, and full support both professionally and personally.