The reason no one is mirroring these things isn't because of the watermarks: it is because all of this content was already just ephemera that most people consider trash in the first place. Hell: I care a lot about this stuff... but do I want to personally spend the money to carry it around forever? This is a lot of content that I will never personally watch much of. But is that because of the URL watermark? No.
(edit: Oh god... I started watching some of this stuff and realized it isn't just commercials but local Chicago news reporting on important historical topics and now I am in fact frantically archiving parts of the channel, though I am definitely doing so selectively; but like, they clearly themselves were uploading somewhat selectively, so the hit rate is higher than I had initially hoped even though it is still certainly a small fraction of the channel.)