Posted on October 31, 2011 by Reuters in Tech & Gadgets Consumer electronics giant Sony Corp said on Monday it will split its television business into three divisions to make operations more accountable as part of efforts to turn around the loss-making business.
With the TV business heading for its eight straight annual loss, Sony has begun to ratchet up moves that sources said could include the sale of its nearly 50 percent stake in a liquid-crystal display joint venture with Samsung Electronics.
Sony said it will split the TV division into three, in charge of LCD TVs, outsourcing, and next-generation TVs, on November 1.
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