Don't forget that you'll need a TV license if you want to watch TV.

It seems like an attractive option, but I am actually glad I didn't have access to a TV at my first year of university. I don't watch much TV anyway, but I didn't really miss it. There were so many more exciting things to do with the time there - maybe in the second/third year when you have a house you can watch with your housemates, but in the first year make the most of your time without a TV. An LED-backlit monitor such as the LG you are looking at is a good option because it is light and portable as well as being a decent and bright screen.