The $64K question. But like many/most, we never watch about 80% of the [-]garbage[/-] "channels" in our satellite/cable "package." If we could subscribe to just the networks we actually watch/want, it's hard to believe they'll collectively charge more than the total satellite package cost. The networks know that obviously, so it must be in their internet pricing calculus (if not, demand will quickly fix their pricing). It would seem a great opportunity for popular networks to increase revenue while net reducing costs to consumers. And if some of the less popular networks fail, that's as it should be.
Neflix, HBO and others are one thing. As everyone knows, if ESPN ever breaks with cable/satellite subscription, the dragon will truly be unleashed. While there are powerful forces protecting the network status quo, cord cutters continue to increase, so the old model will break down sooner or later...