Pros
Some remote work available, benefits are pretty standard. Occasional small raises/small bonuses — not really enough to match inflation, but a bit better than other newsrooms I've worked in. At the production level, your coworkers will be competent and work well together, and your immediate managers will probably be pretty decent to good to work for.
Cons
I work on the print side of the newsroom, so suffice it to say it's grim and not likely to ever get better. Pay not nearly enough to justify the increasing workload and pressure and job security beyond the short term is dicey. Most of the lower-level managers are pretty good, but once you get beyond the production level, the quality degrades sharply. I would advise people to get out while they can, but if you're hell-bent on working on a print paper, I guess you could do worse.