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I'll give you my quick and dirty guide to cutting the cord:

1. You'll still need some form of high-speed internet to stream content like Netflix for example. A minimum of 12mb is really needed, 25mb is better.

2. A Roku 3 or 4. I have both, I highly prefer the Roku 4 since I can stream 4k content with it. (My internet connection is 100mb down/25mb up. I need that high bandwidth for my job, it's also great for streaming 4k.)

3. A CAT-5 connection (preferably) between your Roku device and your cable modem. If not available, make sure you have a good WiFi router (g/n) for best Roku experience. 4. An outdoor antenna that's directional and with a relatively decent/clear line of sight towards the transmitters it'll be picking up. While line of sight isn't directly required if you're close enough to the station(s) you'll be receiving, it's VERY helpful for good signal strength and to prevent picture pixellation.

5. Someone who knows how to put up the antenna, if you cannot do it yourself. Conversely, there are all kinds of good video's on YouTube that can show you how to make your own HDTV antenna out of simple wire, some PVC or furring strips and some RG6/RG59 coax. I prefer RG6 since it's double-sheilded and lower loss.

6. Netflix has great content, there are also great "free" TV content streaming services such as Crackle that will show decent movies with a small amount of commercial breaks thrown in to pay for the service. (You can also google "Roku hidden channels" and "Roku private channels" to see the new "channels" in development for Roku. You can install them for free typically and view away.)

That's the basic checklist to get started, good luck!