Vizio via HDMI issue Please Wait... No Signal
I have a 22" Vizio HDTV and an early 2011 13" Macbook Pro with OS X Lion installed. (Version 10.7.5)
When connected with a MiniDisplayPort-to-HDMI cord the TV alternates the messages "Please Wait" and "No Signal" while the computer changes resolutions and goes blue over and over again. The computer recognizes the TV for a couple of seconds at a time, and disconnects again. I never get a picture on the TV.
The computer and cord work together on three other TVs, so the cord is not broken. The TV also works with another mac running Snow Leopard, so the TV isn't the problem either. There appears to be a compatibility issue between certain TVs (especially Vizios) and Lion. (also Mountain Lion) From my research, I've found many similar issues described since the release of Lion, but no solutions.
I've tried resetting PRAM, safe boot, turning the TV on first or the computer on first but to no avail. I'd rather not buy another TV, there must be a fix for this. Please help me!
MacBook Pro, Mac OS X (10.7.5)