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Sony scrambles to reverse losses, will split television business into three parts

Sony announced on Monday that it will split its television business into three different branches in an effort to reverse a course that has the arm headed to its eighth consecutive annual loss. The three new branches include LCD TVs, next generation TVs and outsourced televisions, Reuters said on Monday, and the changes will go into effect on Tuesday, November 1st. “By dividing into three divisions, we will make clearer the misson and responsibilities of these,” a Sony spokesperson said. Additionally, Sony is said to be in talks to sell its 50% stake in S-LCD to Samsung, its partner in the joint venture.