Do they actually own the rights to these old broadcasts? I'd be surprised. Coast to Coast's website has an "Art Bell Vault" with old episodes. I bet they're the rights-holder, rather than whoever is behind this podcast.
Edit: the matter of ownership doesn't necessarily matter to me, but I am curious as to who is behind this.
Art owned the name and other branding for at least a period of time, but it’s entirely possible Premiere (part of iHeartMedia now I believe) eventually acquired it. The actual shows are probably Premiere’s.
Unless I have been misinformed, the vault has been done with the estate’s approval and his widow and kids support the Patreon based on the C2C FB groups; who is directly managing it has never been made publicly clear that I can find.