I think that if Panasonic had wanted to just kill off the entire camera division, they'd probably have done it a few years ago, before committing to development and production of the S5 and GH6. They've culled the product range presumably down to what is (or is projected to be) profitable (which in the UK seems to be basically the FF S5D, S5ii/iix, S9, the MFT GH7, G9ii, GH5ii, G97, G100D, the superzoom FZ2000, FZ82 and the compact TZ99). So a few cameras in each sensor size.
From what I've read occasionally, the lower-end Panasonic TVs have been more-or-less badge-engineered products from one or more of the big low-cost manufacturers for some time. So it wouldn't surprise me if they basically licensed the brand name (for TVs) to one of those and stopped in-house TV development and production.