Pros
MTV Culture is not overrated. If you focus on the target demographic, you will understand the people who actually have defined the business from the beginning. The kids who watched in the early years have not turned off music or television. The kids who watch today have new mediums, perhaps even new needs. The people who work here are the best innovative minds of their generation in ANY business. If anyone can keep a culture fresh -- it's the "grunts" who do the work.
Cons
You wouldn't believe the competition. Seriously. I've known qualified people to be rejected at just about every level. Virtually every employee has a second career already in gear. If there was any one thing to criticize in the company, it is how little recognition goes to the guys and girls doing the work, reflecting the demo, and being forced -- through pay, lack of opportunity, or simply lack of challenge -- to follow the real dream outside of the company.