Thinking of doing the same here also.
We are paying 155.00/month. Next bill is due Jan. 1-15.....
I've been looking at those streaming sites, think crackle is free, netflicks I did have an account. there are many others. Problem is not all of them are available up here in Canada.
Check out the Roku3 https://www.roku.com/
Sports may be an issue, thinking I may have to stream that online, still looking into that.
Basically you can watch what you want when you want.
Other than cutting costs another good reason is, atleast I'm hoping so, is we start doing something instead of constantly being couch potates in the winter.