Check your local thrift stores. In our state, they’ll take all old computers and televisions so that they can be recycled rather than wind up in landfills or just dumped somewhere.
Maybe not-Most of the thrift stores, donation centers, won’t take any tube televisions or old computers… indeed…you can’t even throw a tube television out on regular bulk trash day…
The OP asked for the “cons of ditching” it – meaning, the arguments against pulling the plug. I presented exactly such an argument.
When was the last time you learned something from the local TV news that actually raised your level of summary awareness of the character of the community you live in?
The things I learn from local news:
bear sightings
moose sightings
accidents that closed a road
and collectively: most crime in my state happens “West of the River”
Power on my street went out the night Hurricane Ike blew through Houston. It was restored by 6PM the next day. (One street over, they never lost power; one street in the other direction, power was out about 3 weeks.)
Cable & the Internet were down for several days but the local broadcast stations kept going. Having a TV was really useful.
But the OP has a piece of crap that needs to be recycled.