Thanks guys.
The 50ft is a spliced AR and radioshack cable.
mtrycrafts, I did mean that if I plug other sources (the iPod or portable CD player) into the cable I do not get the hum from that cable. It does have a 3 prong and I will try other outlets to see if that makes any difference.
TLS, thanks I will take a look at the article. This did not happen when I was using this computer in the theater and only now is happening after moving it to my office.