Given the following text, remove grammatical mistakes and incorrect punctuations.
The newsppaer sadly announced it will stop iits priint edtion
The newspaper sadly announced it will stop its print edition.
Below is an instruction that describes a task. Write a response that appropriately completes the request.

### Instruction:
Given the following text, remove grammatical mistakes and incorrect punctuations.

### Response:
The newspaper sadly announced it will stop its print edition.