Er... this is a horrible idea and would destroy television, basically. Right now the sh[inks]tty channels are basically subsidizing the good, niche ones. Without bundling, those niche channels would quickly go out of business and consumer choice would plummet.
That or it would be prohibitively expensive, to the point that you end up paying about the same as you're paying for cable now but getting many fewer channels as a result. And it would basically be impossible for new channels to ever come into existence without bundling.
This is one of those policies that sounds great, but in reality it would be a huge failure.
edit: These are both good ideas though:
Why should the industry be saved? Are there a lot of union jobs at stake? I'm pretty certain most of revenue/profits end up in capitalist hands in this industry.