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arcpy.CalculateField_management(myFC,"NEW_FIELD","!OLD_FIELD![0] + !OLD_FIELD![len(!OLD_FIELD!)/2]","PYTHON_9.3","")
"Field calculator expresion might look like:".upper()
>>> text = ['{\fArial|b0|i0|c0|p34;14.50m}',
'{\fArial|b0|i0|c0|p34;\L0.0203 ha}',
'{\fArial|b0|i0|c0|p34;161° 34}',
'{\fArial|b0|i0|c0|p34;93° 10}']
>>> for anno in text:
anno.split(';')[1]
'14.50m}'
'\\L0.0203 ha}'
'161\xb0 34}'
'93\xb0 10}'
>>>
>>> for anno in text:
anno.split(';')[1][0:-1]
'14.50m'
'\\L0.0203 ha'
'161\xb0 34'
'93\xb0 10'
>>>
>>> text = '{\x0cArial|b0|i0|c0|p34;14.50m}'
>>> text.split(';')[1][0:-1]
'14.50m'
>>>