Hi,
If the red font is NOT a result of conditional formatting, then by
downloading the "morefunc" you can use on of the formulas from that.
Assuming your text is in A1, then in A2, enter
=IF(XLM.GET.CELL(24,A1)=3,"new","")
and copy dow as far as necessary.
The 24 tells the function to look for the font colour, and the 3 is the
colour index for red.
The function doesn't update automatically, so you need to force a recalc,
for instance by pressing F9.
Dave