Replace html entities with the corresponding utf-8 characters in Python 2.6

Question

I have a html text like this:

<xml ... >

and I want to convert it to something readable:

Answer 1

There is a function here that does it, as linked from the post Fred pointed out. Copied here to make things easier.

Credit to Fred Larson for linking to the other question on SO. Credit to dF for posting the link.