If you're picking up Breaking Bad right now, you'd watch it on Netflix. The only reason you'd watch it on TV is if you're catching it the first time it's airing. I only joined on the last season so I don't have much context, but everyone I knew in college would wait for it to air and immediately torrent the commercial-free episode. For something huge like the ending I know some people that hosted small viewing parties to watch it live, but many were fine with waiting.

Also, Breaking Bad ended in 2013, and Mad Men in 2015. That list only has two entries. Maybe not literally everything on live cable TV is trash, but I think it highlights that there's a clear decline.

Ah, my mistake. I could have sworn I saw them listed on HBO.

While this might disprove my statement, I don't think it's entirely without merit, still.