Oy, vey..sounds like ye olde Sony is tremendously unhappy. Ok..follow these steps.
1. unplug the tv, and let it sit for 2 to 3 min to ensure that all the charge is gone from the set and circuit boards.
2. turn off remote, comletely
3. Try manual mode with the buttons on front of set.
Blinking light usually means that there's something amiss on control board inside.
Are you the kind that will do this yourself, and is unit under warranty, by chance?
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Not under warranty will try the turn off!
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