I think the OP is actually looking for ways to cut the bills down. Having to drop a lot of cash on all of the necessary hardware, unless they have it all lying around, would defeat the purpose.
I, personally, removed our Direct TV service and went internet and HD antenna only. I don't watch TV much, but my wife has her favorite shows. As long as they are on a major network, you can watch them for free from the PC or internet device. Commercially sponsored, of course, but what isn't anymore.
Internet service really only has a few options for in house. DSL, Cable or Dish Internet in some areas. There is also cellular data cards, but price is rather high. Cheapest would probably be DSL. I pay 20 for 3 Mbps down, from AT&T. I am sure there are better deals all over the country, but that is what I pay. AT&T also offers their UVerse (fiber to the home) service in some markets, and Verizon has their FiOS.
I like to watch movies, so I have Netflix. 20 a month and I can watch as many movies as I want. Although, you are limited to 3 at a time. Not a big deal to me.
So, needless to say, you can do a lot with only an internet plan from one of the big companies, like network TV shows, news reports, streaming music (Slacker and Pandora, just to name a few) and streaming movies. For my 20 a month, I get a lot.
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