Check and replace the damaged component/s at its main board. Contact any service technician. If you wish to get some details; check the site linked here. Pull up older posts. Surf the site with patience. http://electronicshelponline.blogspot.com/
SOURCE: Power light blinking red
The tv is NOT in standby mode... it does not have a standby mode !!! But what is happening is.. your tv is getting lamp errors. this can be caused by voltage drops and spikes while the tv is on... and a factory reset can correct this. OR it can be one of two problems.. Bad Power supply or defective lcd panel.
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