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Zenith Electronics, LLC, is an American research and development company that develops ATSC and digital rights management technologies. It is owned by the South Korean company LG Electronics.
Nov 14, 1999 · Zenith, a former American electronics giant, was acquired by LG Electronics in 1999 for $200 million after filing for reorganization under Chapter 11. The web page reports on the bankruptcy settlement, the brand name survival, and the launch of a new product with transparent remote controls.
In 1995, LG Electronics Inc. (LGE), a world leader in consumer electronics, acquired a majority interest in Zenith. Zenith's brand revitalization program was launched in 1997, with its famous lightning bolt logo updated to coincide with a new marketing campaign designed to introduce Zenith to a new generation of consumers.
1982: Company suffers a net loss of $24 million and fails to pay a dividend for the first time in nearly 50 years. 1984: The electronics industry adopts a Zenith-developed system as the standard for MTS stereo TV broadcast and reception; company changes its name to Zenith Electronics Corporation.
Driven finally into unprofitability in its traditional market by ever stiffer competition from abroad, harmed rather than helped by a decade of economizing cutbacks in research and development, Zenith Electronics Corp .—the sole surviving U.S. manufacturer of television receivers—reportedly plans to call it quits in the business it helped to cre...
Founded on radio engineering, Zenith soon became a leader in other consumer electronics developments, such as the first all-electronic TV station (1939), the first FM radio station in the Midwest (1940) and the world’s first subscription TV system known as “PhoneVision” (1947).
• 3 yr. ago. They were bought out by Lucky Goldstar (LG) in the mid 90s and phased out as a brand. 8. Award. 348K subscribers in the answers community. Reference questions answered here. Get the answers you are looking for! Please make sure to look over the…
