Colors for text based editing

The problem:
After the transsciption of a 1 hour interview you end up with a very, very, very long text that is hard to read. 

Unfortunately the PP text window doesn´t have any formatting options, so text structuring  is pretty hard and confusing. 

Solution:

Text highlighting colors  like in word would help extremely to get a better overview of the content. The different colors of the text formatting should then also generate the corresponding colored edits on the timeline.

Such a workflow could speed up interview editing tremendously - expecially In combination with the color select and editing options of the  timeline. 

So please give the text window some basic formatting functions (bold / roman / highlight colors...) like in any other word editor.