Red and Yellow blurred picture

The most likely cause is shorted convergence chips and possibly a few pico fuses.

These sets need to have all three colors - RED - BLUE - GREEN - lined up correctly on the screen in order for the picture to look normal. This is called convergence.

When its out of alignment the video will look 3-D, wavy, distorted, etc. Most of the time you just need to adjust your convergence in the menu. If you cannot adjust it in the menu - then your convergence is broken and needs to be repaired. Convergence problems are very common on all Projection TV sets including Sony,Samsung,JVC,Philip Magnavox,Panasonic,Akai,Pioneer Hitachi,Mitsubishi,Zenith and others.
You can get a convergenece repair kit with instructions from the links below.

Here are some of the most common problems with these sets...

Problem #1) Convergence

Yours may have one or more of the following symptoms...

*Screen Looks 3-D
*Colors wont align
*Screen may look distorted or warped
*No Audio/Video - TV Shuts down - May also make a constant chirping sound

Problem #2
Another common problem is dull or washed out video.

Your set may have one or more of the following symptoms....

*Dull looking picture
*White looking picture
*Halos around objects
*Red/Orange looking picture

You can see some more examples and find a fix here http://www.fixya.com/support/r2861467-solution_video_looking_whiteish_dull

Sounds like a convergence problem. This means 2 Chips need to be replaced by a qualified tech.

N Sabre

Hi,
It definitely can be fixed the IC chips (called STKs) that line up the images from each picture tube are failing.Sometimes a fuse or resistor go out along with the chips. The parts would cost around $100 + whatever labor charge if you hire someone.

Tuner is bad

All the coolant is the same.It is clear . After you remove the old coolant clean the face of the tube to remove the algae -like contaminate then install new fluid.

HELLO . IT SOUND'S LIKE YOU NEED TO REPLACE THE CONVERANCE BOARD . OR JUST THE IC'S ON THAT BOARD"GOOD LUCK
"

If your model number is the PTH5498 you will need to replace both convergence ICs they are stk 392-040 you can get replacements at the followig link and they will provide fre instalation instructions with pictures. Here is the link.
http://servicemanuals.vstore.ca/

Sounds like your red tube (CRT) may have a short in it. Try turning down the color controls to zero then let me know what the screen looks like.

Red Convergence IC bad.....small circuit board by itself up
above main boards..........replace both IC's for reliability...
STK392-040.........DO NOT USE GENERIC IC'S ! I use only
PANASONIC brand = no re-calls !!
Re-align when repair complete............T.

Replace Stk392-040 convergence IC's. Use Panasonic brand

for reliabilty.Re-check alignment....

Let me know by your rating....T.