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Major reorganization of Sony's TV business in the works

Written by Rich Fiscus (Google+) @ 31 Oct 2011 12:29 User comments (2)

Major reorganization of Sony's TV business in the works Tomorrow Sony is expected to announce a plan to split their TV business into 3 separate divisions.
Sony has been under fire for their TV division's losses. Despite losing money for 8 straight years, Sony executives have insisted, as recently as August, they will not exit the TV business.

According to Reuters, their plan to split the business into 3 divisions will be announced tomorrow. Company spokeswoman Ayano Iguchi told them the goal is to, "make clearer the mission" of each.

The divisions will be LCD TVs, next-generation TVs, and outsourcing. Despite Sony's claim to the contrary, this seems like it might be a precursor to selling portions of their TV business.

They may already be planning to sell Samsung their stake in the joint TV manufacturing venture between the 2 companies, a move they have been trying hard to avoid.

Tags: Samsung Sony LCD TV
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2 user comments

131.10.2011 15:23

I wonder how much this cost because it's so small

231.10.2011 23:12

They seriously need to get out of this market...they are making terrible products and losing money while doing it.

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