I would keep that, it's a classic. Does it actually still work? Even if not, that's an awesome TV just for the cabinetry alone.
They don't make stuff like they used to, those big beasts were built with pride, now it's all about making stuff as cheap as possible and so it breaks and can be replaced within a few years.
My grandparents had a similar TV and it still worked, they finally got an LCD as a gift. Not sure what they did with the old TV though, I hope they did not just scrap it. It was a RCA. I wonder if it was a RCA victor actually... those were another classic.
Oh, if it does not work, check inside, it might have some interesting components like vacuum tubes. You may actually be able to part some of that stuff out... heck, check to see if it's just a bad tube, it might actually be fixable. Not that you'd really want to use a TV like that as your main but it could be a fun project to try to fix it. Stuff back them was made more to fix.