My wife cancelled our cable last week. Between the two of us we were watching less than an hour a day (weekdays). A homemade television antenna will receive all the HD channels from Buffalo. Unfortunately many of the Canadian channels will be blocked due to the position of our condo (we do not face the CN Tower where they broadcast from, and we do not have a building northeast of us to bounce a signal off of).
When we do watch TV, it's sports, we're both big soccer fans, so we replaced our $90 a month bill with a subscription to a streaming sports service for $20 a month.