I was looking at the stats a while ago for some allegedly popular series; the number of views per episode was like in the 400K to 500K range. It looks to me like pay TV has even fewer shows worth watching than 'free' TV had. In fact many of them are running old shows from free TV to fill up time, and then running more commercials than free TV does. There a few that couldn't be run on free TV that were good, but not many given the number of channels cranking them out, so it seems there really wasn't all that much talent that wasn't getting gigs.
I did notice Jean Smart finally got a few good serious acting roles she never got on regular TV, though. and few other good actors getting steady work, so it's not entirely a waste.I like her in the third season of Fargo, and also the actor who played 'Opie' in Breaking Bad in the same season, now a chubby guy, and had the regional accent down pat. the Dark Winds series was picked up for a second season, which I'm looking forward to, based on some Tony Hillerman novels; the main actor was also in Fargo and does a good job in that series, and the supporting cast was pretty good as well. Hope that one takes off. Otherwise I don't see much out there. They can't ride on The Sopranos and Breaking Bad forever.