At the same time.. Who cares? all these channels could disappear and many cord cutters wouldn't notice. I wouldn't. There's funny pictures online with text captions. That seems to be catching on just fine.
Vertical integration like this is one of the major reasons for the promotion of bandwidth caps. Which certainly do affect cord cutters. It can also results in reduced network investments and higher traffic congestion.
It can also cause digital licensing shenanigans, like excessively high licensing fees, and even more platform fragmentation.