There are two solutions to the spacing problem neptun.
You could either add cellpadding="10px" or something to <table> or a style="padding-right:10px;" to the <td>
Or to shrink the text displayed find:
PHP Code:
if($text == '') $text = substr($fulltext, 0,150);
and edit the 150 to whatever number of characters you'd like. However this might not work if the article is pulling the previewtext from the database it wouldn't be effected by this change.
For the more idea:
find:
change to:
PHP Code:
Read More <img alt='Read More' src='images/cms/read_more-right.png' title='Read More' border='0'></a>
I like the idea to I'll update the original code