I'm pretty sure the clk for this chip must be in phase with the audio clk and it looks like you are using a separate xtal for the job, which won't work. I mentioned this in one of the other chains and Hugo suggested that the 11.2896Mhz could be picked up on the main PCB but he had brought the signal out to a pad.

I also remember that this chip is a bugger to configure as many of the options have interdependencies. If you post your config pin state I'll try and verify against the datasheet. Also what are you 'talking' to, is it an amp, minidisc or PC with digital in. Do you have another device with digital out to make sure those devices are working ok? Have you put a scope on the coax out to see if a carrier signal is present (I'm pretty sure it should be even with no input to the chip)?

Does the receiving device display any messages, it's not complaining about the serial copy protection bit?