To be fair to the executives. The main regulator that could essentially issue the corporate death penalty, the FCC chairman that can revoke their license to operate, literally said “we can do this the easy way or the hard way”. That’s a Dirty Harry or goodfellas quote. So much for “government shouldn’t pick winners and losers in the economy”.

Alternatively, perhaps it is the duty of the executives to defend their company, its viewers and employees, when confronted with unlawful and unreasonable government demands.

You really don't have to be fair to the executives. The FCC absolutely can't do shit about Jimmy Kimmel, and would lose the procedure if it ever came to it. Instead, they immediately bent the knee and decided that loyalty to the nascent fascist regime was more important that standing up against the most clear cut and unjustifiable attack to free speech in a long time.