How do I save in the original format

I recorded a cover band and my camcorder split the video into several 2GB .MTS clips.  The bigger point is that there is LOTS of dead time, breaks, etc.  I'd like to know how to 1) edit an original 2GB MTS file, remove the dead spots and replace the original MTS file with the optimized result in MTS format. 2) I'd like to combine all of the optimized MTS files into one large MTS file.  That file would stay on my hard drive for years and all project files (today and in the future) would reference this single, optimized file.  I would delete the original files from my camcorder and laptop.
FYI: I simply copied the files via USB from my camcorder to my laptop.  I'm not married to the MTS file format, that's just the format I got when I coped the files.
Thanks!!

When you go to "Computer," you should then see the formats available, and choose MS AVI. That should bring up the Video, Audio and Multiplexing tabs. Under Video, you should have a Compression (depending on version, you might have to go to Advanced) drop-down, where you would choose Lagarith, or UT.
This is a look at the screen from PrE 4.0, which will be a bit different from your version, but will give you a general idea of the Advanced settings for the Share:
Hope that this helps, and does not confuse you (that potential is why I hesitated to post this - being from a previous version), and helps you locate the Compression/CODEC drop-down.
Good luck,
Hunt

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