Coercion is not a precondition of abhorrence. Even if it was, the publicity value of the show could be seen as leverage with which to coerce potential participants.
The point is, this is a predatory act and it should not be misunderstood as 'fair' or 'ok'.
You're spinning a little bit too much hyperbole. It would be nicer for the entrepreneurs if ABC didn't take a cut but clearly they aren't that nice. However they are getting 15 mins of national exposure to a captive audience - that's worth something.
Doesn't YCombinator give pittance amount of capital for an equity stake in the companies it invests in, with the value proposition being largely in introductions to VCs/Angels and some strategic help? Are they coercive?
No coercion. If you don't like the deal, you're free to avoid it.