My info might be out of date, but I remember digital outs from TV's only outputting what was received through their internal OTA ATSC tuners, not passing through any other signals.
Such being the case, all they were capable of was two channels.
Now, if things hav echanged and they do, indeed, "pass through" those other formats from other sources that you want, then I apologize for misleading you. ...but you might want to see what your TV is capable of before going crazy with this.