You now have a good reason to splurge on a new TV. Your old clunker is more than an eyesore -- it's soon to be an obsolete relic.
In a move that strikes a nerve with frugal consumers everywhere, electronics retailer Best Buy
All analog TVs will stop working after Feb. 18, 2009, the date the FCC requires broadcasters to stop transmitting analog signals. That's going to become a royal pain for the estimated 60 million people who currently use antennas or analog TV sets. Their only option is to buy a new digital TV, or an analog-digital converter that will work on your old set. The National Telecommunications and Information Administration has agreed to provide two $40 coupons for converters to homes that currently don't have cable or satellite TV.
In the past several years, analog TVs, those half-ton wood-encased tubes that rarely come with remotes, have been taken over by flat-panel and high-definition screens. The newer technology provides a considerably sharper and more lifelike picture than the older analog TVs. It makes Maria Bartiromo's close-ups that much better.
The switch will end up being a boon for electronics retailers such as Best Buy, Circuit City
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Fool contributor Morgan Housel does not own shares in any of the companies mentioned in this article. Best Buy and Wal-Mart are Motley Fool Inside Value recommendations. Best Buy and Costco are Motley Fool Stock Advisor picks. The Fool's disclosure policy is all about investors writing for investors.