Inclusive. It used to be cheaper to have TV than to not have TV because of the bundle discount (which is why I had initially gotten it, despite never watching TV on the actual box), particularly before I upgraded to HD. The broadcast and regional sports fees are really what brought it up to costing an extra $20 or so, they raised those fees a lot in the last couple years.

(Insert pet peeve about paying a regional sports fee if I don't watch sports here.)