Deleteing one character after an special character

I have below line in a unix file, I want to delete one character after "�".

20091020.Non-Agency CMO Daily Trade Recap �~V Hybrids

The result should be :

20091020.Non-Agency CMO Daily Trade Recap � Hybrids

i dont want to use "~V" anywhere in the sed command or any other command, just remove once character after "�", like using a x after the special char.

Bumping up posts or double posting is not permitted in these forums.

Please read the rules, which you agreed to when you registered, if you have not already done so.

You may receive an infraction for this. If so, don't worry, just try to follow the rules more carefully. The infraction will expire in the near future

Thank You.

The UNIX and Linux Forums.

---------- Post updated at 22:27 ---------- Previous update was at 22:27 ----------

Continued here