I definitely tend to speak in hyperbole. I actually appreciate that reminder. That sort of thing really doesn't help make any of my points.
The reality is that there are lots of people that have televisions on all day long, and there are plenty of businesses (for example restaurants) where they might have multiple televisions on all day long. Television is still a very powerful way to reach a fairly wide audience, even if live television has fallen a long. Heck, much of the content that gets the most views on platforms like YouTube also tend to be established television shows. So even if people aren't watching the content live it is still getting watched in a timely manner. And to advertisers (and viewers) that definitely matters.
My point is that most people, especially most people on /., have absolutely no idea how much sports carries our current television programming. Netflix was originally able to buy rights to so much VOD (video on demand) content in the early days because no one thought that it had any value. Streaming pre-recorded shows is technically easy, and even in the era of cable there were only so many channels that were feasible. Netflix showed that you could turn this into a business, if you had a big enough portfolio. Even still a premium Netflix package costs $25, and you probably get it subsidized with your phone carrier. A cable subscription, with live television, and Disney pushing up the fees is at least double that. If you want ESPN it's probably closer to triple that.
Not only are people willing to pay money for sports, but sporting events have a proven track record of putting people in seats, and even keeping them there during commercials. That's why Superbowl ads are so ridiculously expensive. Advertisers realized that people were actually watching the spots during the games.
To give you an example of how skewed the numbers are individual NFL football games regularly have more viewers than Apple TV has subscribers, and they air three to four competing NFL games basically every Sunday. We think of television in terms of Hollywood and the shows that they produce, but the reality is that most of the television that we watch is just filler for the next sporting event. Since the commercialiation of television these two types of shows have worked together to build the market that collectively we call "television," and serials got most of the credit for the growth. Hollywood has always been very good at self-promotion. However, it has always been live sports that has had the largest audiences. People come together to watch Superbowls, Olympics, etc. As our modern way of watching increasingly divides live television from scripted television we are likely going to see far less money going towards scripted television. My Apple TV is germane. Apple has spent billions of dollars trying to create a scripted television service that people will pay money for, with very limited success. Amazon Prime did far better by paying $1 Billion a year for Thursday Night Football.
If you really like scripted television, you might want to consider paying more for subscriptions to some of Hollywood's services. Personally, I like watching people restore old sailboats. That's pretty niche, but in a world where YouTube has made publishing content so inexpensive there are content providers that apparently can make a living that way. So I tend to agree with your opinion that it is fun to watch evil tear away at evil.