Pros
Experience, Colleagues. Someone just starting out will gain a ton of experience and be able to move on.
Cons
Worked at the Gilroy Dispatch for more than a decade - first 9 years or so were really good. Lots of hard work, lots of experience. The company was then purchased by the owner of the Metro - Dan Pulcrano - and it became the worst place I've ever worked. He didn't care, he fired wonderful, loyal people who'd spent their entire careers there and hired completely inept editors and brought in other staff members from his San Jose office to fill in gaps.
As someone who worked in the "trenches" - at the office every single day, giving everything I had - I speak from first hand experience and knowledge that morale was non-existent. There was scuttlebutt about dental insurance money being taken from paychecks and diverted to other bills that were due.
And then people started voluntarily leaving.
After a year plus under this new "leadership," I called it quits - without even having another job. Best decision I ever made - and this coming from someone who always pictured myself retiring from the Gilroy Dispatch because I loved it so.
I was quickly picked up by another company and in a year at my new job, I work normal hours at higher pay than I did when I left New SV Media.