I've been without a TV or cable or satellite for six years now. It started as a money-saving thing and I considered it an experiment. Now, I can't imagine ever bothering with the real thing.
I wake up every morning to Amy Goodman (Democracy Now) on the radio. I listen to various news and information shows in the morning. In the evenings I watch Rachel Maddow at the MSNBC site. I could actually watch most of their shows, but hers is the only one I generally bother with.
Whenever something genuinely newsworthy happens I find that going to the local TV stations is effective, because they will usually go to streaming broadcast at such times.
Is there actually anything on HBO that you can't get on Netflix? 
I honestly have no idea, because we last had HBO about twenty years ago and gave it up as not worth it.
Sports I can't help you out with, as I am simply indifferent to all sports. However, I suppose you could hang out at sports bars during the season.
I have Netflix, both streaming and DVDs, and Hulu, although I gave up Hulu Prime a month or so ago, deciding it wasn't worth the money and still have to watch commercials.
It is true that I don't often see shows very soon after they come out, but I'm long since used to being totally out of the loop on most popular culture. Best of all, I get a lot of reading done.
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