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Commercial video editing software?

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I figure that there are so many fansub groups, there must be many people using video editing software. I am looking for commercially available sofware, because I don't think there would be free software for this, for simple edition of video clips. For example, I want to record some TV programs with TV tuner in my laptop. Then I want to cut off the commercial advertisement part and paste it together. If it can do subtitles and compress video files so to save some space, that will be a plus but not required. The software has to be easy to use and as cheap as possible. Adobe video editing software (premier?) is too expensive and too complicated to learn. Please recommend video editing software you think is suitable for this purpose. Thank you.

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