Fat Fine May Hit Makers of Fat TVs

Photograph by Corning Inc. via Bloomberg

Believe it or not, cathode ray tubes are still in production today, despite the prevalence of flat screens.

Remember those bulbous TVs and computer monitors that preceded the slimmed-down liquid-crystal displays we have today? Some companies are actually still making them (surprise!), and several of them may be fined by the European Union within weeks over price-fixing agreements, people familiar with the matter told Bloomberg News.

My colleague Aoife White broke the news today that EU antitrust regulators may take as much as 10 percent of annual sales from LG Electronics, Panasonic and Royal Philips Electronics. This wouldn’t be the first time for LG. The EU fined LG Display, partly owned by LG Electronics, 649 million euros ($828 million) for fixing the price of LCD panels in 2010.

 

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