The point is that today we have options. Years ago we did not.
Yet, that's the point. You now have the option to spend less, if you prefer. Competition helps.
As an example, according to the FCC Report on Cable Industry Prices from 2006 reviewing average prices across all communities from 1995-2005 basic cable plus expanded basic service was an average of $22.35 per month in 1995 and $43.04 in 2005. Prices were also 20.6% higher in noncompetitive communities. Digital and HDTV services were more expensive.
And according to the FCC report from 2016 in 2015 basic service was $23.79 and expanded basic $69.03.
The 2016 report has an interesting table showing the number of channels included with expanded basic service. In 2005 there were 70.5 channels and in 2015 181.3 channels. The cost per channel was less, but the cost went from $43.04 to $69.03. In markets with effective competition basic service included ~9 additional channels and expanded 25 additional channels as compared to areas without competition.
Also, the 2016 report shows the "aggregate average retransmission consent compensation fees paid per year per cable system". In 2013, it was $7,790,721 and in 2014 $12,715,686, or a 63.2% change. I'm not sure what it cost in 2018 but I can only imagine it was higher.
Sources:
https://www.fcc.gov/reports-researc...ces-reports/report-cable-industry-prices-2005
https://www.fcc.gov/reports-researc...ces-reports/report-cable-industry-prices-2016
As for local streaming channels (which I do not have, and am curious about...though see no reason to pay for them), it seems there are plenty of options now. For instance:
Sling TV: $25-40/mo (Cloud DVR up to 50 hours); in my area I can get local FOX, NBC, and CBS but not ABC; Sling promotes use of an antenna in combination with Sling.
PlayStation Vue: $45-80/mo (4 packages available; unlimited Cloud DVR)
Directv Now: $40-75/mo (5 packages available; Cloud DVR up to 20 hours)
YouTube TV: $40/mo (includes Cloud DVR with unlimited storage)
Hulu + Live TV: $39.99/mo (which includes original content, so more than just local channels, and includes Cloud DVR service for 50 hours); live tv only is available at $38.99, but I doubt they sell many.
Fubo TV: $39.99/mo (Cloud DVR up to 30 hours)
CBS All Access (which I do pay for some months out of the year, if 2018 was any example).
Most of these services seem to limit the number of included simultaneous connections to two. Of course, most also offer enhancements like HBO and other channels for an additional cost.
A distinction with these services as compared to cable is that these services do not have any long-term commitment. Cable companies often try to lock you in for a year.
Spectrum services my area and they want $45/mo for 12 months on their promotional price for cable tv, and are *required* to have at least one HD box at $7.50/mo. DVR is an additional $12.99/mo. Then there are options for more channels (which include HBO and others) for $20 or $40/mo. And these are their PROMOTIONAL prices.
BTW, an easy way to save some money if you have multiple TVs and set top boxes with some providers is to use a Roku with the cable company app instead on all but one TV (since it seems they require at least one box).