Smart TVs can emit magnetic fields measured in microteslas, but these readings do not indicate harmful radiation, especially when the TV is off. The magnetic field strength from a smart TV is typically much lower than 1000 microteslas, and any readings above this may be influenced by components like internal speakers or the TV's chassis. Most handheld devices used for measuring magnetic fields, such as phone apps, are calibrated for lower ranges and may not provide accurate readings at higher levels. Overall, the detected magnetic fields are not a cause for concern, as they are significantly weaker than those from common household items like refrigerator magnets. The discussion emphasizes that the term "radiation" is often misused in this context, as it refers to energy emitted rather than static magnetic fields.