Yes, you can split it. However don't buy the $2 splitter; spend the money and get a $10 one from Rona or Home Depot. They usually say something like "satellite compatable" (Which isn't really accurrate) or have a frequency rating of 2300 Mhz (2.3 Ghz)
You don't need that high of a frequency range for cable, but I found they are less prone to interference (funky lines on your TV.)
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