Check this link and select the site named 'Electro-help' You can get more details about the fault to your TV, with 7 blinks of standby light. Check this link and select the site named above.
If this is a CRT TV, the problem is in and around LOT area or on the RGB driver in CRT PCB.
SOURCE: Model TC-32LX700 Power indicator light on from is
Problem is caused by voltage irregularity. Pulled plug for an hour and then plugged it back in. TV reset and it works fine. If this does not work it needs a TV technician.
SOURCE: panasonic model #TH-50PX75U wont turn on, it
Usually seven blinks indicates a Y sustain problem. Its either the Y sustain pcb and/or the buffer boards. I would highly recommend calling an authorized service center for this if you don't know what you are doing.
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