How to reset Philips TV to factory settings?

Make sure remote control is in TV mode by pressing 'SELECT' button repeated until 'TV' lights up green:

1. Press the 'MENU' button
2. Press the cursor down to select SETTINGS
3. Press cursor right twice
4. Press the cursor down to select RESET AV SETTINGS
5. Press cursor right on START NOW. Press the 'OK' button.
6. Press the 'MENU' button to exit the menu