Is Download manager lite (dm.exe) malware?

I have this in my event viewer:

Code:

Event Type:	Error
Event Source:	Service Control Manager
Event Category:	None
Event ID:	7000
Date:		12/1/2006
Time:		6:27:23 PM
User:		N/A
Computer:	
Description:
The Download Manager Lite Service service failed to start due to the following error: 
The system cannot find the path specified. 

For more information, see Help and Support Center at http://go.microsoft.com/fwlink/events.asp.

What is it? Googling around, it appears that its from netcabletv or something:

http://www.castlecops.com/o23list-1916.html

I could just disable the service from the services applet, but is there anyway to remove it instead? I have no idea as to how netcabletv got into my computer, there is nothing located at C:\Program Files\NCTV\bin\ in my drive. I do use TVuplayer, could it be related to that?

 

It appears to be legit, however if you do not use it or don't need it you can disable it by going into "services.msc" from a run command.