Pros
You will work with some of the brightest people in the media industry. People who want to make a difference in delivering unbiased journalism. The culture and stated mission is infectious, in a good way. Compensation and benefits are top notch. Work-life balance is good. You are plugged in to world-wide events, daily.
Cons
Upper management is either clueless or powerless. Everything (including minute expense reports) goes through the CEO who has no idea what he's doing. There is absolutely NO job security. Work here at your own risk. There have been multiple layoffs in the past two years. Seriously, the sheer level of talent this place has let go is mind boggling. If you do take the risk of working here, be aware that your severance package will be below market-level when you are eventually laid off.