The advertisements are subsidizing a portion of the bill. What portion, I'm not exactly sure. Even if it was a patently false statement and cable companies started showing TV with no commercials (or maybe 10 minutes per hour at the worst), $60 is too steep of a price. There is too much shovelware (or whatever the TV term is) for that price.

I understand that live TV has blocked times for simplicity. That's fine. There is going to be filler to stretch the episode. However, don't stretch the show out for 25 episodes! If you cut the filler, you can have 13 episodes of quality with more shows per year.