Seriously - I just wheeled home the other night with a new tv that has HDMI ports on it and a new laptop with HDMI ports - I am watching content from my laptop on my TV. Movies, music, etc. - all legal. I do not need blockbuster, cable television, local or satellite radio. It is all accessible through the net with my wireless connection in my home - so wherever my laptop goes - so goes the vast array of entertainment and news programming. Most of it with no or limited commercial interruption.
Now before broadcasters and other laggards cry foul - the opportunity is there for you folks, you just need to innovate a bit.