Sounds like a failed or at least failing power supply / power board inside the TV.
Unfortunately this is a very difficult repair, and unless you are an
electrician I would not recommend attempting it. You will need to
contact a local TV repair person in your area. I am quite certain that is what it is, that is exactly what the blinking power light indicates. It is getting enough power through the power supply to light that little indicator light, but it can't power up the TV itself.
This is the most common problem with all LCD tv's unfortunately, and for whatever reason it is very common in Samsung models :(.
So sorry that I don't have better news but it is definitely a power issue internally.
Thanks
Tim
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