Best way to output PAL

I have a play-out software running PAL video and need to output it to my TV display. Any sufficient way on how I can do this with good quality results?
So far I have output my video using the Intensity shuttle with composite cables, and the results were not to good with colour bleeding and high contrast. All my video has been compressed using Adobe Media Encoder (MPEG2). So what are the best options on getting my video out at a some what professional level?

Thank you.