If you do not have a wall-mounted flat screen TV or are looking to hide your TV using something a little less costly, you might consider using a room divider screen. There are many screens available in a number of designs, styles and colors, so there is sure to be something to suit your taste. For example, Overstock.com offers everything from screens with Van Gogh prints to art deco style screens.

click to enlarge
Likewise,
Accent Furniture Direct features screens in different wood stains, metallic finishes and more. And screens can be purchased from either retailer starting at well under $100, making them a bit more budget-friendly.

click to enlarge
Whatever option you choose, select something that suits your taste and goes with your current decor. Hopefully, you will live with, and enjoy, this piece for many years to come!
For more information on flat screen TV's, read the Bright Hub articles What is the Best Height for a Wall-Mounted Flat Screen? and Planning On Installing a Flat Screen TV Above a Gas Fireplace?