Paste as plain text, but also remove any new-line and carriage return characters

I want to copy some text from a webpage or a document and paste it somewhere else after stripping all formatting and whitespace.*** Currently, I do this by:

1. Copy the required text
2. Paste the text in an URL bar of a browser.
3. Copy the text from the URL
4. Paste at the required area

This strips of all new line characters or carriage returns and works perfectly. However, I need a faster way of doing thihs.

***PureText does not help. From their site:

PureText only removes rich formatting from text. This includes the font face, font style (bold, italics, etc.), font color, paragraph styles (left/right/center aligned), margins, character spacing, bullets, subscript, superscript, tables, charts, pictures, embedded objects, etc. However, it does not modify the actual text. It will not remove or fix new-lines, carriage returns, tabs, or other white-space. It will not fix word-wrap or clean up your paragraphs. If you copy the source code of a web page to the clipboard, it is not going to remove all the HTML tags. If you copy text from an actual web page (not the source of the page), it will remove the formatting.