False. If it weren't free, many viewers/listeners would not get the content at all. To say otherwise is to ignore basic economics, supply and demand.
No. True. The exchange deprives the content makers of the revenue due them as owners of the material... whether that material would be purchased if not available for free (as it likely would be in more than a few instances) is irrelevent. What you are suggesting is that it is okay to steal something if you wouldn't but it in the marketplace because -- otherwise -- it would sit on the shelf unsold and, either way, the company doesn't realize a return on the item.