0
JavaScript, 311 bytes
Can probably be improved alot:
a=(s=prompt()).length-1;o=s[0]==":"||s[0]=="."?s[1]==":"||s[1]=="."?":":"'":s[1]==":"||s[1]=="."?".":" ";for(i=1;i<a;i++)o+=s[i-1]=="'"||s[i-1]==":"?s[i+1]=="."||s[i+1]==":"?":":"'":s[i+1]=="."||s[i+1]==":"?".":" ";alert(o+=s[a]==":"||s[a]=="...