Provided nothing goes wrong with modern sets, they are rated for approximately 60,000 hours. Which at 8 hours a day is 20 years. Take that into consideration with the price you'll pay to have your old TV fixed, the improved picture quality of the new ones, the space you'll gain, and how inexpensive some of the newer sets are... well, in my opinion, you have a no-brainer.
I have a 40" Samsung LCD in my bedroom, and a 52" Samsung LCD in my living room. One thing I like about the Samsungs is that they seem to have the best picture quality, but their screens are shiny and have more glare.
At the very least, go take a look at the newer TVs and check out the pricing. I would throw the costs of repairing your old one and purchase a new one. Most places offer free delivery and haul away. :)
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