Your best bet is to get one of the following.
ATI AIW (all in wonder) video card
TV Tuner Card
Video Capture Card
A video capture card does just like it sounds... it will allow you to view video on your computer. They often come with the needed software to record the video you want.
A TV tuner card is essentially the same, but it also has a TV tuner built into it, so you can watch TV on your computer.
An ATI AIW card will allow you to do both of the things above, and usually have a video out plug on them which will hook up to your TV, VCR, other monitors, etc etc. While this does more than the other 2, they're often more expensive as well. The reason is you also get a better videocard to play games on.
To put all of this onto CD or DVD, you would either need a CD or DVD burner.
If you are interested in any of the above items, I can hook you up with the ones you need as I run a small computer business in Ontario. (we ship worldwide..)