So then I have to guess since you are comparing cost that Netflix also provides the locals so when you can't get them OTA you still get them including the local news. And I guess you get Fox News live, CNN Live, MSNBC Live. Also have to guess you get all the local Sports. Comparing Netflix cost to Cable/Satellite cost isn't true when they are very different services. It is an alternative for those who don't want the channels you get in the packages with Cable/Satellite but it is not the same.
On top of that, it's fine for watching a few shows, I can tell you after working 12 hour shifts I want to turn on the TV and simply watch my recorded shows or live shows. I don't want to go from Netflix to Amazon to Hulu, to CBS etc. every time to do that. And I don;t want everyone else in the house to get mad because the streaming is slowing down what they are doing on the Internet. Netflix is a great alternative but not the same as Cable/Satellite and therefore costs less.
I have not used Netflix after dropping them quite some time ago,, but some other sites I go to sure do have commercials I can not skip.