How so, everything on TV has to be green lighted by a programming executive then on top of that it has to pass government regulations (i.e the FCC), while there is zero regulations limiting content on the Internet and producers have no one to convince to get their show on the Internet.
I think in the majority of cases TV wins that point. Most people don't have the time or motivation to sift through the dregs of the internet to track down programmes, while TV has less better quality programmes that are easier to find. The internet makes it much harder to have water cooler moments.
Also the audience on the Internet is vastly larger, for example the recent My Little Pony phenomenon was only possible due to episodes being streamed on the Internet where Internet stream of My Little Pony draws many times the viewers then the Hub (the TV network that airs My Little Pony). This is also not a fluke the same is true for HBO's Game of Thrones where most fans of the show don't even have HBO.
Game of Thrones is the most pirated TV show, that is another win for TV. Just that you're using the internet for an illegal method of receiving it.
TV programmes that are legitimately streamed by the TV channel don't count as internet programmes as most wouldn't likely exist without TV money in the first place.
There are a few instances of webisodes that have been good, if they are promotional material for TV programmes that used TV money to produce then again they wouldn't exist without the TV studio system.
I can also see that a cancelled TV show may be able to have a further life as an internet only show, but again without the audience base of the original TV show it wouldn't happen.
And yes this does all mean that sometimes there will be great programmes that never make it to air or programmes you enjoy that get cancelled. But overall TV is the best compromise for the majority of people. The surge of people watching TV online has been due to young people who are comfortable with technology and have a lot of time, however it will be interesting to see how that develops as they become older.