Well before channel surfing was a glint in an engineer's eye, Zenith was a power to be reckoned with. The U.S. brand whose name suggests the summit of aspiration was born on a Chicago kitchen table in 1918, when two wireless-radio buffs turned out equipment for other amateurs. In the 1940s, Zenith went into making TV sets in a big way, and in 1956 it introduced the parents -- or grandparents -- of today's couch potatoes to the idea of remote control with its Space Command device.
Unfortunately, this electronics pioneer is also an industry leader in losing money. Last week,...
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