The point isn’t that the WAPO is losing money. All newspapers, except for The Wall Street Journal and the New York Times (maybe) are losing scads of money. The point should be that American campaign finance law limits the contributions an individual can make to a campaign to something like $2700/candidate/year. And yet if you are wealthy enough to acquire and sustain the Washington Post at $100M-$150M of losses per year, you can make putative in-kind contributions of unlimited value to candidates and parties and never test the contribution limits that apply to mere mortals.
The good, the bad and the ugly.
Cold war, Affirmative Action and the Childhood Vaccine Injury Act of 1986.
JFK signed the first affirmative action bill in 1961.
Sadly, the greatest impediments to the progress of black Americans (and all Americans, at that) has never been effectively addressed as a matter of urgent public policy -- not poverty or racism -- but the weakening and collapse of families and the ensuing chaos for children, especially young children. The Left's assault on faith, traditional values, and families has penetrated deeply into American culture and had a devastating effect. Remedying that requires the ouster of the Left from control of America's educational and welfare systems.
Few conservatives have the stomach for that battle because it inevitably means: (1) confronting the teacher unions and restructuring public education into a voucher system; and (2) reforming welfare into a system that encourages useful work and traditional families. Instead, conservatives tend toward preachy blather about "traditional values" and wonder why so many people tune them out.
Reagan didn’t put much effort into this. Probably because it was not as extensive and dangerous as it is now.