SPDIF out and stereo at the same time?

[mrloofer]

I have a HTPC with a SB Live card outputting digital through coax cable to my receiver for DVDs stored on my hard disk. I now want to pump the video and audio to a seperate TV in my house. Video gets there fine but how the heck do I get the audio since all settings on the PC are set to SPDIF out only? My TV only has stereo inputs.

Can this actually be done?

Thanks!