Pros
Good pay and great benefits. You won't see better benefits in journalism. The health insurance is excellent, and you don't pay premiums. (Yeah, you read that right.) There's an on-site doctor, which is great time saver for minor ailments. There are a lot of amazing journalists, though the commitment to journalism has flagged in recent years.
Cons
The biggest problem is the constant restructuring in the newsroom. The commitment to good journalism seems to wax and wane, and there's a lot of people churning out low-value copy. It can be incredibly boring in those roles and they're not good about letting people change roles. The magazines have been gutted, and it's not clear that they'd be willing to stick it to big clients if a good story came along. The guy is a hairdo, and not respected much in the newsroom. It's disheartening that men are often paid more than women. There are some good internal people genuinely concerned about that and trying to improve it, though it's unclear how much pull they have.