Pros
Ability to work on a variety of different things. Brand name company with growth potential. Working there impresses your friends--especially if they are conservatives. Colleagues are nice and try to be helpful. Lack of back-stabbing. Often can feel like a cozy family business.
Cons
Organization does not share information across different companies. Functions are very bureaucratic. Organization is a bit short -sighted. Management does not convey that they value higher education. It's a bit of a boys club. There is not a lot of communication from the executives suites. You often find out what is going on at News Corp from someone outside the organization. A media organization should be able to communicate to its own employees. Sometimes when you come to work, you feel like you are entering a black hole--one in which you have to figure everything out yourself. Physical offices are a bit sparse. Face time seems to be valued even if you can be productive working remotely. There is lot a lot of professional, mature support staff.