In my household we got rid of cable five or six months ago, I set things up and unhooked the cable for a month before having it shut off to make sure we'd all be happy with the change. Like Jayn_j said, if you don't mind waiting a bit everything shows up on Netflix, Amazon or somewhere sooner or later. We put up an OTA antenna, a Ku dish and C-band dish and have Amazon Prime and Netflix, a couple of Roku 3's, Plenty to watch.
One thing that may be an option for you to save money if you have the money to spend on it upfront is Ooma phone. It cost us a hundred and twenty or so dollars for the Ooma and forty dollars to port our phone number to it but now our phone bill is only $3.71 a month, the Ooma has already paid for itself in what we've saved and works great for us.
We had cable, phone and internet through our cable company and it was costing us $156.00 a month, we cancelled the cable and phone, kept the internet, now our bill is $42.00 a month. We did this because the quality and content of our cable TV was lousy, not so much as to save money, but Ooma phone may be a way for you to save a bit and maybe an OTA antenna for local stations, you could look on Tvfool.com or some site like that and get an idea of what local stations you might be able to get.
Ooma phone is a VOIP phone, so you would need high speed internet to use it.