Check BOTH the TV setup menu and the players setup menu.
If given the option, set for 'PCM' only. Since the TV is Ancient by modern standards, you can either use the 3 cable setup, which is 2@audio (red and white) and a SINGLE video which will be yellow. The connectors on the TV SHOULD color match.
The Better setup is called COMPONENT and consists of 5 cables. ALL terminated w/RCA. the same pair of red/white for audio. The OTHER THREE connections will mediate the video portion of the signal.
Somewhere buried in these screens is doubtless your solution. I hope!