nope..it doesn't.
BUT,,,,, there are different kinds of surround sound
Dolby 5.1 and DTS 5.1 use seperately encoded channels of sound for each speaker, but because normal TV isn't broadcast like that, it won't work.. When a DVD is made, someone decides which sound will come from wich speaker... and some films aredone well and some done badly. But it's all 5.1.
But TV won't do it... not enough room in a tv transmission for 6 channels of sound. We're lucky to get 2....
Which is why,,, long before 5.1 was famous... Pro Logic was invented
IF your surround sound system supports Dolby Pro Logic (or Pro Logic 2) then it take a STEREO signal (red and white) and it splits out the voice for the front centre speaker, it thrrows the stereo signalls to the left and right fron speaker, the bass to the bass box... and it INVENTS a rear channel... it creates one, and it throws it to the rear speakers. BUT the rear is in MONO and is not detailed sound.
But it IS great for Football, and it adds lots of depth to films, even if it's not accurate.
So.... does your 5.1 system have stereo inputs (red and white) and does it have a Dolby Pro Logic button?
While we're at it.... DVD's NEED to send proper 5.1 via a digital cable.. it's EITHER a black phono style lead (looks like the red and white one, but there's only one of them) OR it uses a fibre optic cable (little square plug, not very bendy wire

)
Some systems have BOTH those kind of inputs... for two inputs, like DVD and PS3)
Both are called SPDIF (Sony Philips Digital InterFace)