Once you have broken up a line of text, you can select a group of characters and then select the Convert to Text command. This will take the characters you have selected and convert them into a line of text. If you have selected characters that are made up of different attributes, the line of text will be changed to reflect the attributes of the first character in the group.

Note that this will not work with text that has been imported from another program. The original text has to be entered with the LED Wizard Text Tool.