Once you actually do it, believe me, you will not miss it. It has been more than 16 months since. No one misses the thing at all. He hasn't heard any one asking for it. More family interaction, books, computers, and internet have taken up TV's place.
TV has a lot of haram programming.
If you cannot resist, then living without TV is better. Think hard about this option, though. Both parents much agree first. If you have grown up children then it will be better if they are part of the decision making process. If they will go somewhere else to watch then it is better that they watch in your home.