I don't know how to fix it, but I can show you where the problem is:
Open up a copy of your vars_news_fader.cgi, and look at nftext-- see how it has entered a double carriage return at the end of each line? This hack needs to be re-worked so that it only enters a single carriage return, and then the amount of time between events will work properly.
I know some perl, but not enough to be able to spot what's causing this to happen. Good luck!
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