I had cable for years and years, then moved to a place where it's either satellite, antenna or no TV. If there is a heavy storm, it goes out, from somewhere between a few to maybe 20 minutes, then back on. I can't get ABC on satellite so I also have an antenna ($40 or so at Radio Shack, indoor.) But when the cable went out for whatever reason (someone cut a cable somewhere, somehow) it typically took 2 hours or more before it returned, on occasion much longer. If I could choose either, I'd compare prices and channels, and go with whichever offered what I want for less. Neither one is perfect, for sure.
Then there are phone and internet to consider, as well, because sometimes you can get a discount by packaging them, and there is a lot of price variation. You can wind up with all four on one bill, sometimes, depending.... It's complicated these days. And I don't even have a cell phone; that would probably complicate it further. I like my DSL internet, don't want wireless or satellite or dial up, so that means I need to buy.... you get the idea.