Report: Pioneer to exit TV business
Updated 2/12/09 at 9:35 a.m. PST with Pioneer's confirmation.
Pioneer will no longer manufacture televisions and plans to spin off its DVD player business into a joint venture with Sharp, according to a report in Japan's Nikkei newspaper.
The company is reportedly exiting the TV business rather than continue to incur losses in that division. This latest report comes a few months after Pioneer announced it anticipated huge losses at the end of its fiscal year in March and plans to lay off 2,000 workers.
Pioneer had built itself into a widely respected … Read more