Audiotronics Will Sell Video Monitor Division

Audiotronics, a North Hollywood electronics company, said Monday that it will sell its money-losing video monitor business to Dotronix of New Brighton, Minn., for $1.8 million.

The monitor division, which provided display screens for computer terminals and closed-circuit television systems, will be moved to New Brighton, where Dotronix already makes monitors. An undetermined number of Audiotronics’ 100 employees in North Hollywood will be laid off, the company said.

The sale price includes $750,000 in cash, with the balance in notes due within the next two years. Audiotronics said the two companies reached a definitive agreement Friday, and that the sale should be completed Wednesday.

Audiotronics’ monitor division has suffered shrinking sales and losses. Sales for the year ended next June 30 are projected at $6 million to $7 million, down from $8.1 million the year before and $13.9 million the year before that. The division is expected to lose more than $500,000 this year, down from a loss of $2.4 million a year earlier.

After the sale, the company said, it will focus on its original business: making tape recorders, record players and other products for educational and industrial uses.

Publicly held Audiotronics lost $2.9 million on sales of $14 million for the year ended June 30, 1985.