While I think this is a great "devil's advocate" piece and something to consider, I think there are some marked difference between the airline industry and cable. First, cable companies are like the AIRPORTS, not the AIRLINES. Cable companies distribute content that ESPN, NBC, et. al create. Cable companies aren't going to go away, but content delivery has changed. The clear path forward is to divest from content distribution and invest in superior internet infrastructure. The channel providers will then be able to set their own price in an open market place...
Actually, I just realized why ISPs (some of which are cable companies) are taking issue with net neutrality. In essence, it is their attempt to bolt on their existing business model to the Internet. With existing channels, Comcast & Verizon generate revenue off both sides of the distribution. They make money off of us for paying for the bundled channel package into our home then make money again off the channel in the form of carrier fees. Yeah... now I'm seeing how these dots connect. :-/