Would be more like 1:20 when you add the extra commercial time for the extra 15 minutes.
Even so. If you look at the programming of many, many European channels, they don't conform to the "top of the hour" type programming. Granted, SOME of those (such as the BBC) do not run commercials, but most channels do run them just like in the U.S.
You'll see a prime time lineup with start times of say 19:00, 19:40, 20:05, 21:30, 22:10, 23:00 or something like that to match the actual program time, put some commercials around it, etc.
Granted, it is a LOT easier for the public to know "8/9c" as the standard time for your prime time program to begin, but I would much rather see the FULL program, instead of stuff being cut out.
Now, they probably didn't cut out too much (the leader probably might be a minute or longer, they can probably cut off most of the credits or speed them up real fast). Also, they can speed up a program by 1 frame, e.g if the original was shot on 35mm with 24 frames/sec, they can put 25 frames/sec in the edited version, and the human mind wouldn't know the difference....(and they can pull similar trick with full HD digital cameras that shoot in many more frames/sec) but it translates to a 4% savings in time. So they don't always cut out a WHOLE lot, necessarily.... but they so cut out SOME.