A settlement, if reached, would be an extraordinary concession by a major U.S. media company to a sitting president.

Media organizations are preparing for what they fear will be a legal and political onslaught from the new administration.

President-elect Donald J. Trump’s picks for the F.C.C. and F.T.C. have vowed to remove censorship online. That conflicts with European regulators who are pushing for stricter moderation.