Pros
I learned so much during my 4.5 years at the company and enjoyed and admired many of my co-workers. Working at MTV had great benefits and perks - good employee engagement for a company of their size. My manager was one of the best I've ever had. Not the case for everyone across the org, but all Senior Management I worked with were wonderful and really helped me grow. It's definitely worth going there for the amount you'll learn - my time at MTV prepared me well for the workforce. I consider it one of my best educations yet!
Cons
Culture is interesting ... the vibe is great - cool offices, lots of access to things, great parities just as you might expect. However, it can be extremely catty. If you're not 'in' with the right people, you can feel like an outsider. Lots of hierarchy, which didn't bother me so much, but did other people. I left because of career development and growth. There were opportunities for me to move up there, but not at the speed I was looking to progress. For others, there is very little room for growth and many people got stuck in their jobs for longer than they would at a smaller company - or just not ever promoted. I would not consider their comp competative - in some cases, embarrassing. Although it's 'fun' to be there, it seemed many people were under paid and over worked. I'm all for hard work, but the work-life balance was difficult to swallow, particularly with a non-competitive salary.