"Therefore, I want to say to Zendaya and to anyone else out there that I have hurt that I am so, so sincerely sorry."
She added: "This really has been a learning experience for me. This incident has taught me to be a lot more aware of cliches and stereotypes - how much damage they can do and that I am responsible, as we all are, to not perpetuate them further."
In another lengthy message, Zendaya responded to - and accepted - Rancic's latest apology.
"I have so many people looking up to me that I couldn't be scared, wait it out, nor could I just stand up for me; I had to do it for WE," Zendaya wrote. "Giuliana, I appreciate your apology and I'm glad it was a learning experience for you and for the network. I hope that others negatively affected by her words can also find it in their hearts to accept her apology as well."
She closed with a quote from Martin Luther King Jr.: "Darkness cannot drive out darkness, only light can do that. Hate cannot drive out hate, only love can do that."
This is actually Rancic's second apology - the first came on Twitter hours after Zendaya first addressed the comments directly.
But that apology was not enough for many people, including Rancic's co-host Kelly Osbourne, who posted a series of hysterical tweets about the incident.
At one point, Osbourne threatened to leave the show if the situation wasn't resolved:
"I DID NOT MAKE THE WEED COMENT. I DO NOT CONDONE RACISM SO AS A RSULT OF THIS IM SEREIOULSY QUESTIONONIG STAYING ON THE SHOW!"