The plus of cutting the cable is getting rid of the bill that goes up all the time. Basically I replaced a triple play bill of $175/month (and increasing) with $50 for Internet and a small bump in my cell phone plan to cover the loss of the land line that I was planning to do anyway. Basically I'm saving two grand a year and not having to pay for tons of crap I don't want. I love it!
The minus is the thing a few have pointed out but none have really adequately addressed: being a hardcore sports fan almost requires a cable subscription, unless you fit that corner case where you really only care about the NFL, and you live in your team's home market, and you can get Fox and CBS over the air. Guess what: that's me! That still leaves out the ESPN Monday Night stuff, but another corner case is that my cell phone is on Verizon so if I really want to watch MNF I can set there with my phone in my hand or in a cradle and watch the game. Other people probably don't fit this corner case.
The big problem is that the sports fans are the ones that are stuck with cable, and given how almost everyone else is leaving, it's the sports fans that are going to have to carry the entire cable industry on their backs going forward. The only other ones I know who are keeping cable plans are older and less tech savvy people who don't want to dork around with Roku/AppleTV/FireTV/etc and are rich enough or numb enough to not care about the cost of cable TV. Going forward it's clear that the sports fans are going to have to carry the load.
One thing I see is that most people oversubscribe on the Internet side. They love reading about all those megabits they're getting, but don't do the basic math: a full HD video stream is only around 5.5 Mbit/sec. My plan started at 6Mbit/sec and that was fine for watching movies all day and all night. They recently bumped it to 10Mbit/sec for the same price and I didn't even notice. Of course if there's more people in the house all streaming HD at the same time that'd change, but really, just take the number of people who'd be consuming content and multiply by 5MBit/sec and don't buy a tier with more than you need, or start off with a low tier and if it doesn't work out, ask the provider if they have a special deal if you upgrade, and usually they do.
As for OTA, my situation is I live in Nashua NH and have found very good results with using antennaweb (
Stations ) which shows that all I really need to do is point an antenna at the towers in Needham and I'm doing fine even being 35 miles away. In reality I have one TV that uses a cheapo sheet of plastic stuck to the wall and it does pretty good, but for the one that's 100% solid I have a larger antenna in my attic with a pre-amp to get over all the crappy coax runs I have in my walls.
I think I'm doing just fine without cable TV. The cost of the TV+amp was paid for in the first two months. I like science/tech/history documentaries the most and I found I'm watching that content on YouTube so much that I don't even subscribe to Netflix any more. I am an Amazon Prime customer so I get that content for free, but haven't been watching much of that either. There are a few 'guilty pleasure' series I got hooked to over the years of watching cable, but since I'm saving $125 a month, I don't mind dropping $20-$30 to occasionally buy a series on Amazon and own it forever.
I did a big comparison of devices a year+ ago and, given my long-term Amazon usage, the FireTV won out for me. If you've already bought a lot of content via Apple then their product is a no-brainer. The Roku is very good for having a large number of apps available, a great cross-product voice-powered search function (something Amazon and Apple won't deliver because they don't want you searching across products!) and a nice user interface.
I dropped TV altogether a number of years ago. Click, click, click: nothing but crap and an ever-bigger bill at month's end. For films, etc. I now use Hulu+ and Amazon Prime. For the Patriots (I don't follow any other sports these days), I listen to the games on the radio. If I want to watch them, I can do so subsequently on NFL Game Pass, to which I subscribe, though I hardly ever do so. I am thinking of dropping Game Pass as a result. I very much enjoy listening to the games on radio and don't miss seeing them at all, which is probably atypical (odd, perhaps). I have loved radio all my life. My fondest sports memories are of listening to Bob Wilson do the Bruins games in the 70's. (And what television show has ever been better than Jean Shepherd's radio programs!?) I'm an old b-----d, as you might surmise.
I live waaaaay out in the NH sticks, so an antenna gets me nuthin', which suits me fine.
Anyway, that's what I do, and even with the various subscriptions I mentioned, I'm saving a bundle.
I'm also in geezer-hood. I grew up in the 70s listening to Jim Woods and Ned Martin calling the Sox games on the radio, and, growing up in CT, good old Neumy calling the Whalers games before he moved to Boston in the 80s!. Also in CT a kid out of college was calling my high school football games. His name was Chris Berman. A year later this new company called ESPN in Bristol gave him a job.