"What's black and white and red all over?"

*language warning*

This riddle has baffled me all my life. I was so confused as to why the answer was "newspaper" when newspapers clearly have no color 'red' on them, unless in pictures. It wasn't until very recently that I ascertained that the question may have meant 'read', more specifically, the past tense of 'read'. "I read the paper yesterday", for example. With this context, the question now becomes; "What's black and white and read all over?" Now, the riddle makes perfect sense.

So now I can't tell if I'm a massive fool or the English language is completely fucked for having yet another example of two words that are pronounced exactly the same but have utterly different spellings and meanings.

Son of a bitch.