Delete Dynamic Media Folders Profiles in MC 7

In Media Composer 7, one of the big new features is Dynamic Media Folders. With Dynamic Media Folders, non-creative media tasks such as transcoding, copying, and consolidating can be automated in the background. You can create Profiles to tell Avid what to do in the background, when media is placed in to the folder you specify. 

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To delete a profile that you no longer need,  load the Profile into the Profile Editor, and press the "-" button next to the Profile Drop Down Menu.