LG 42LG5 TURN ON TV PICTURE GOES BLACK

it's likely the tcon board, but may also be the LCD inverter.

BTW the problem is not the same for projection TVs.

This could be 1 of a few things here. Without opening up your set and trying to look at voltages or indiciator lights I couldn't tell you exactly without some more info.

Without looking at it myself here are my thoughts and where I would first look at.

It may be a main board because:
1) Main board processes all your audio/video signals. Bad main board means bad video processing. Could do that. Especially if the main board is not sending the right signal or a bad signal to the rest of the boards so they don't do their jobs. 

It may be a power supply because:
1) Power supply is well, the power supply. If it's sending inadaquete voltage to the main board you may not be recieving enough juice to keep that main board doing your video processing or further up the line keeping enough juice flowing to your TCon board to keep it telling things where to go and what to do. The power supply sends voltages to your Ballast board(controls your lights) and to your main board through which power is supplied to your TCon board via a LVDS line and a +12/+16V signals. If the power supply isn't pumping out enough juice to keep the TCon or Main Board running, it could be a problem. By the same token it could be that your P/S isn't sending power out to your ballast board. 

It could be a TCon because:
1) If the TCon is bad, you won't get your pictures. This could be the TCon board itself or the LVDS cable from your TCon to your Main. However, with few exceptions, if it's a bad TCon you're looking at a total panel replacement. 

It could be a ballast board because:
1) The Ballast Board controls the lighting behind the LCD screen. If this isn't working right you won't be seeing much of anything without that back lighting. If this is bad, it's a panel replacement. These are not field replaceable items by LG. 

Based on the symptoms, without more data or a eyes-on view of it, I would say you're most likely looking at a Main Brd or PSU problem.