Pros
You can't beat the product -- which is to say the TV shows and specials the company creates and broadcasts. If you like working in entertainment and media, if you like knowing backstage gossip and info on your favorite shows and stars, if you're a fan, then this is the place for you. Since the company is part of GE, the benefits package is fantastic. Even the company cafeteria is good! And the fact that you walk right past the Tonight Show studios to reach it every day is pretty neat.
Cons
Senior management -- VP's and Senior VP's -- consistently didn't know their ass from their elbow. They might have MBA's, but they didn't know (and worse, really didn't care!) a damn thing about how to do the actual day-to-day boots on the ground kind of work that we grunts were doing. They were also unreceptive to suggestions from staff. Hours for the grunts were very long, because of the need for on-site synchronization with the weekly TV schedule, but VP's were usually gone from the office by 6:01 PM. Consequently, staff turnover was unusually high, resulting in continual losses of institutional knowledge, and morale was low.