You can use a Western Digital TV media box to do this. Connect to any TV and you are done. I would suggest ripping your CDs as lossless FLAC files. This way you maintain the same quality of sound. HD storage is cheap enough. You can always make lossy M3 from them if you need to. DB Poweramp can be configured to make both.
Hope you can eventually find something better than your TV to play your music on.