> The spelling lede (/ˈliːd/, from Early Modern English) is also used in American English, originally to avoid confusion with the printing press type formerly made from the metal lead or the related typographical term "leading".
It's actually more about the lead paragraph, not the leading news story. If you bury the leading news story, that would imply putting it on page 13 or something. Buring the leading paragraph is putting the most important information at the end of the article where fewer people are likely to encounter it.
>To “bury the lede” (sometimes spelled “bury the lead”) means to delay sharing the essential information in a story, and beginning with secondary details instead. The term originated in the news-writing world but is now applied widely in all fields of writing.
If anything "color" is correct, being the original Latin spelling. The Normans started misspelling it by the time they went about conquering the British Isles, but Middle English reflects both spellings.
On the other hand, English is descriptive rather than prescriptive, so both spellings might as well be equally correct.
On the third hand, they're both wrong if we want to get old school about it; no sense in catering to a bunch of French invaders when we have the perfectly good words "blee" and "hue".