@scarslilpyro,
it all depends on if the op wants both connected at once. there are options available if he wants both monitors on one connection as well.
if he wants an either-or situation or to hook up to only the tv then yes, only one connection is required.
as for type of connection, it would be best to go with hdmi or dvi. however, we still do not know what type of connection the op has on the tv.