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Many people consider cords unsightly and prefer to conceal them when setting up flat panel TV stands or flat screen TV mounts.
If you are experienced in working with drywall, you may wish to use "fish tape" to run the cords inside your walls. At its simplest, this involves drilling a hole for the cords to go in and another where you want them to come out. Plan carefully so that you don't wind up with more holes than you need, or holes that are visible and unsightly.
A less invasive solution is to use cord covers, which can stretch down from the television and be painted to match your walls.