I can't even spend the attention required to watch TV most times. I find myself just leaving it on in the background and then realized that I've paused it because something was more interesting on my laptop. Sometimes it takes me hours just to get through one episode.
There is also piracy. I don't have cable but I still watched Walking Dead. Which I've also stopped watching. Live TV just seems so pointless. If a show is good I can just pick it up after like 3 seasons and binge it if I want.
Paying $80 a month for TV is just absurd. And paying for sports is even more ridiculous. I like the NBA, and occasionally the NFL during playoffs. But I'll never watch a game live which just spreads 35 minutes of content over 3 hours to maximize ad revenue.
TV had it's heyday, the idea that it isn't on a steady downward decline towards some new steady state is delusion. ESPN in its current form is done. The impact on athletes salaries should be interesting though.