But the relationship frosted over after the Fox News defamation lawsuit with Dominion Voting Systems, which revealed Mr Murdoch had told a colleague following the January 6 insurrection “we want to make Trump a non person”.

In 2023 Fox reached a $787.5m settlement with Dominion Voting Systems over accusations that the news network knowingly broadcast false claims that the firm’s technology was used to rig the 2020 election.

The 11th-hour-settlement came as the two sides prepared to go to court, sparing Mr Murdoch of a potentially embarrassing trial that could have seen the media mogul testify.

In 2023 Mr Trump claimed Fox News and the WSJ “fight me because Murdoch is a globalist”.

While some media bosses have appeared to bow to Mr Trump during his second term, including Jeff Bezos, who owns the Washington Post, Mr Murdoch has not fully acquiesced.

The New York Post has been largely sympathetic in its coverage of Mr Trump’s second term, running front pages about Mr Trump bringing in the “Golden Age of America”.

Meanwhile, Fox News has run several interviews with Mr Trump and administration officials and the network hired Lara Trump, Eric Trump’s wife, to host a show on the network.

But the WSJ has run several critical op-eds about Mr Trump.

When Mr Murdoch joined Mr Trump in the Oval Office in February, the US president fawned over him, describing him as “an amazing guy”.

After a reporter asked him about an editorial in the WSJ criticising Mr Trump’s trade proposals, the president responded saying he would “talk” to Mr Murdoch.

Amid the threat of a legal showdown, the time for talking might be over.