ProjectX build 0.90.4.00.b25 is available at http://www.rbri.org/projectx/projectx.html.
ProjectX allows you to cut MPEG files (e.g. remove the advertisement).
It has has a build-in preview mode of the movie, so it's easy to set
the cut marks. It's also possible to save the cut marks into a file and
to reload them if needed.
This is a special ProjectX version for OS/2 with support for files > 2g.
-> URL: http://www.rbri.org/projectx/projectx.html
Source: OS2.org