Pioneer to Exit TV Business?

Nemo - February 6, 2009 05:40PM in Manufacturers

There's a report out in Japan's Nikkei newspaper claiming that Pioneer is going to withdraw entirely from the TV business and split off it DVD player unit into a joint venture with electronic maker Sharp. After suffering losses in the TV business, Pioneer is supposedly withdrawing instead of facing any more red ink. While Pioneer is not commenting on the report, analysts are saying the report hold a grain of truth to it as Pioneer did not have any new TVs on display at CES 2009 in January.