SQL Server database generate script how to avoid adding PRINT statements
I would not remove the GO statements that break up large batches.  There are various reasons for breaking large inserts


size (duration) of transactions
memory requirements
transaction log management
mirror synchronicity
error isolation (by batch)
etc...


As for removing the status updates, that can be done easily.  Press Ctrl-H or from the menu, Edit -&gt; Find and Replace -&gt; Quick Replace, fill it in as shown in the image below making sure to tick "Use" Regular Expressions, then click on "Replace All" to zap them all.