NEW YORK >> For the press heading into a second Trump administration, there’s a balancing act between being prepared and being fearful.

The return to power of Donald Trump, who has called journalists enemies and talked about retribution against those he feels have wronged him, has news executives nervous. Perceived threats are numerous: lawsuits of every sort, efforts to unmask anonymous sources, physical danger and intimidation, attacks on public media and libel protections, day-to-day demonization.

In a closely watched case settled over the weekend, ABC chose to settle a defamation lawsuit brought by the president-elect over an inaccurate statement made by George Stephanopoulos by agreeing to pay $15 million toward Trump’s presidential library.

“The news media is heading into this next administration with its eyes open,” said Bruce Brown, executive director of the Reporters Committee for the Freedom of the Press.

“Some challenges to the free press may be overt, some may be more subtle,” Brown said. “We’ll need to be prepared for rapid response as well as long campaigns to protect our rights — and to remember that our most important audiences are the courts and the public.”

One prominent editor warned against going on war footing with an administration that hasn’t taken office yet. “There may be a moment to cry wolf here,” said Stephen Engelberg, editor-in-chief of the nonprofit news outlet ProPublica. “But I don’t think we’ve reached it.”

At a news conference Monday, Trump said that “we need a fair media” and discussed some potential and ongoing legal cases he has against news outlets.

“We have to straighten out the press,” Trump said. “Our press is very corrupt, almost as corrupt as our elections.”

News organizations are heading into the second Trump era weak both financially and in public esteem. To a large extent, Trump sidestepped legacy media outlets during his campaign in favor of podcasters, yet still had time for specific beefs against ABC, CBS and NBC.

The Trump team knows that many of its followers despise a probing press, and stoking that fury has political advantages. Two examples in the campaign to install Trump nominee Pete Hegseth as defense secretary shows how routine reporting activities can be characterized as an attack.

When The New York Times was tipped to an email that Hegseth’s mother once sent to him criticizing his treatment of women, it called her for comment. Penelope Hegseth later told Fox News that she perceived that as a threat, even though it enabled the newspaper to report that she had quickly apologized for sending the email and says she doesn’t feel that way about him now.

Pete Hegseth also used social media to say that ProPublica — he called it a “Left Wing hack group” — was about to knowingly publish a false report that he hadn’t been accepted into West Point decades ago. The news site had contacted him after officials at the military academy contradicted Hegseth’s claim of acceptance. Hegseth provided proof that those officials were mistaken, and ProPublica never published a story.

“That’s journalism,” noted ProPublica’s Jesse Eisinger. But a narrative had taken hold: “ProPublica’s botched Pete Hegseth smear,” the New York Post called it in a headline.

During the presidential campaign, Trump sued CBS News for the way it edited an interview with opponent Kamala Harris; suggested ABC News lose its broadcast license for fact-checking him during his lone debate with Harris; and successfully called for equal time on NBC after Harris appeared on “Saturday Night Live.” In the Stephanopoulos lawsuit, the ABC anchor said Trump had been “found liable for rape” in writer E. Jean Carroll’s civil trial, when he had not by New York’s definition.

At his news conference, Trump said he was expecting to file a lawsuit against the Des Moines Register in Iowa for publishing results of a poll shortly before the election that suddenly had him behind Harris. He said that amounted to “fraud and election interference.” He eventually won the state handily.

Trump engages with the mainstream media — besides the news conference Monday he gave a newsmaking interview to NBC’s “Meet the Press” this month — but journalists have to be alert to how their work will be portrayed.

Trump’s appointments, and what they’ve said about journalists, have raised alarms.

Kash Patel, Trump’s choice to lead the FBI, said on a podcast last year that “we’re going to come after people in the media who lied about American citizens.” Two appointees who have expressed hostility toward the media will be in a position to affect the work of journalists: Brendan Carr as chairman of the Federal Communications Commission and Kari Lake as director of Voice of America.

News organizations are worried that a Justice Department policy that has generally prohibited prosecutors from seizing the records of journalists in order to investigate leaks will be reversed, and are already urging journalists to protect their work. “If you have something you don’t want to share with a broader audience, don’t put it on the cloud,” ProPublica’s Engelberg said.