Bluetooth Music Receivers?

Since Apple TV outputs audio via optical connection, what type of device is needed to convert to analogue?

I know that a DAC is the device needed and I see devices starting at $10 and going up, way up. I guess I'm looking for a DAC recommendation at a "reasonable" price point.

I have had several. My current favorite inexpensive DAC is from Beresford? You can find them here on Audiogon from the manufacturer. They start at around $300 and an upgraded version is $350, which is the one I have. I have not auditioned the Benchmark DAC which starts at about $1000 and often become available here. It is a current favorite of many. Check out the web site computeraudiophile and in particular the FAQ. There is some great advise to get started there.

Thanks for the info. I have heard of the Bereford TC-7510 and the newer TC-7520 as VG DACs. I look for them.

And thanks for the info regarding computeraudiophile.