Blinking timer light and cannot turn on
How many times does the LED blink? Does it blink 6 times, pauses, and repeats? Or is it some other number of blinks? Or does it just blink continuously, once a second? (Note: on Mitsubishi's it is normal for the TV to blink rapidly for about 90 seconds after you plug the TV in, while the TV runs internal self-tests.) If the LED continues to blink continuously after 90 seconds, then the problem is on the DM board. There are 4 electrolytic capacitors, grouped together. I believe they are either 820 uF (mfd - microfarads) or 1000 uF at 16 Volts. If you check them, you will see that their tops are swollen (slightly rounded; not flat across). They will check okay with a capacitance meter or ESR meter, but don't believe your meter! Replace those 4 capacitors with either 820 or 1000 uF capacitors rated at either 16 or 25 volts. Make sure you use good, high-temperature (105 deg C) low-ESR capacitors. I recommend the "FM Series" capacitors from Digi-Key corporation, part number P12366-ND or P12379-ND. Less than $1.00 apiece. Good luck!
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