TVU Player

http://www.tvunetworks.com/downloads/player.html

This is a peer-to-peer program that has no limits. The program has virtually unlimited amount of channels varying from free-to-air channels to premiere channels (and on-demand videos).
There is a good thing and bad thing about this program.

Advantage:

Since its peer-to-peer, many users share channels that you might not find elsewhere on internet.
There are number of TV channels that remains online 24/7.

Disadvantage:

Since its peer-to-peer, whenever a user goes offline it's channel will also go offline.

List of some popular channels on TVU Player:

News 9 (India)
CTVN Plus (bengali)
Raj TV (India)
Raj Digital Plus (India)
Raj Musix (India)
Mahaa TV (India)
India Vision (India)
3ABN Latino (USA)
Proclaim (USA)
3ABN (USA)
CCTV-5 Sports (China)
Star TV (xing xong)
SafeTV (USA)
Sky News (UK)
CBNS TV (Canada)
Seebit TV (Japan)
CBS (Korea)
Royal News (Pakistan)
KBC (Korea)
Somali TV (Somalia)
Iran TV 2 (Iran)
Iran TV 3 (Iran)
Iran TV 4 (Iran)
Canal 26 (Argentina)
Zona 31 (Argentina)
Canal 7 (Argentina)
Canal 4 (Argentina)
Express 24/7 (Pakistan)
Express News (Pakistan)
Express News (Pakistan/Urdu)
Zee TV (unknown/Hindi)
Zee Cinema (unknown/Hindi)
Sahara Filmy (unknown/Hindi)
Zee Punjabi (unknown/Hindi)
Star Gold (unknown/Hindi)
Star Plus (unknown/Hindi)
iTV (Italy)
Kanal 9 (France)
ESPN (of unknown region)
Ocho TV (Mexico)
IMBC (Korea)

and many many more Premiere channels.