May I suggest an HD antennae and streaming service like Hulu and/or netflix.
An HD antennae will get you all your local stations and then some for free after buying antennae. Go here for a list of channels in your area...
http://antennaweb.org/
You will still need to have internet service from your cable company for the following and a smart device lick a stick streaming media player or smart TV:
Hulu - Watch current episodes of your favorite TV episodes
Netflix - watch movies and some TV
Amazon Prime - same as Netflix
I have all of the above.
My cable bill with internet was 180 a month. Now it is 90 a month plus ~15 for the 2 streaming services. I don't count Amazon because I already have that for the shipping. The streaming is a bonus.
It will not be a 100% replacement for everything you watch. Original content on Showtime is unavailable to me because they are obligated to the cable companies. But for most, you should be all set.
And if you are still holding onto a landline, try vonage or ooma. They are no longer land lines anyway. Telephone service from your cable company is nothing but an over priced IP phone.