Here's a low cost, slummin' it type of idea that might work if you're desiring a found object storage solution for your flat panel television. The rooms at Berlin designer Werner Aisslinger's The Michelberger Hotel have a DIY, Readymade magazine aesthetic, which also includes this idea of framing your flat panel with a wooden crate...

As noted in the Dezeen profile where we saw these small space wonders of layout and furnishings, the The Michelberger Hotel is a converted factory building, transformed using finds from the local flea markets. Check out more photos and information at The Michelberger Hotel website.