Pros
Personally rewarding to provide the community important information and engage with them. We encounter so many interesting people and life stories in the news biz. It's also gratifying to see hard work rewarded by good ratings and community appreciation.
Cons
Management does not appreciate the OT hours put in day after day, week after week, nor are many (non-union) employees paid for it or given comp time. It's just expected of you in the highly competitive industry. (Yet top management take a lot of time off for themselves!) Because of that, the job can take a personal toll on you. Morale is further reduced because management is not very communicative, just issues orders; doesn't ask for input from employees who have been loyal and successful and should be valued for their loyalty and experience.