The answer is "it depends"
What you need is a router. A lot of cable modems these days can perform some basic routing duties. If you have one of those, and you run a cable straight from your wall to your modem to your TV, then it will be OK, because the modem will function as the requisite router/DHCP/DNS server for your TV.
However, this type of model is not scalable. And if your cable modem can not function as a DHCP server, your TV's NIC port will never be assigned an IP, and thus won't end up on the same subnet as the interior interface of the modem, and thus won't be able to communicate.
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