Television and Home Theater

Hello. I have a Panasonic PV-M2079 20" tv/vcr combo. It's about 5 years old & until recently, has worked very well for me. Lately though, i've been getting way too much red in the picture. It started out as just a slight increase & I was able to correct it by adjusting the tint. But now the tint is turned all the way to green & the redness will not go away. I'm sure that it needs to be serviced. I'm wondering, does this sound like an expensive repair? If so, i'll just buy a new tv. But if it's below a $100, i might just fix it. Thank's.

My friends grandson drove a tricycle into his widescreen tv. The color convergence went crazy. He reset the colors with according to the manual.....BUT THE RED COLOR WON'T STAY...It smears color red. Is there an adjustment in the set. A technician wants $300.00 just to come to the house. Thanks
hank

Set won't turn on. Relays click, then 10 seconds later the red LED starts blinking. Tried 4 hour hard reset. Still experiencing same problem. Called Philips they more or less told me to go pound sand. TV is 2 years old and just out of 2nd year warranty. Called authorized repair and they told me about $700.00 to fix. Is it worth fixing this model.