Insignia NS-32LCD will not turn on.

Question

TV is 7 months old....Push on/off button and Insignia emblem lights up blue...no sound or picture...turn set off and Insignia emblem turns red......I tried the hairdryer trick and nothing happened......I tried unplugging and holding the on button while plugging it up again.....nothing.....I've taken it apart and can't see anything burnt or broken.....Any help would be appreciated.