For the TV repair, if you're lucky it's just a 20 cent fuse or two on the power supply board. If you're not so lucky it could be parts of the power supply board, which can be a simple replace job. But if it's beyond that if some of the display electronics got fried (Being a name brand like LG, it shouldn't) it could be listed as BER (Beyond Economical Repair)
If the TV also had a coax going in, that can cause damage to the electronics and bypass the surge protection entirely, which is why some surge protectors have coax jacks on them, as well as phone/modem jacks.
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