Pros
My coworkers are really excellent. My direct supervisor is also excellent. There's a lot of prestige in working for a major industry publication. I've learned a great deal about magazine publishing and editing, as well as about the industry that my magazine covers. The benefits are great.
Cons
This may all change when RBI is sold off, of course, but I've been really unhappy with the way upper management and Reed Elsevier management communicates--or rather doesn't communicate--with those of us in the trenches. I get more information from Google News than I do from management. Also, the cost-cutting measures we've seen lately are absurd. Vital personnel have been laid off, and we can't pay freelancers competitive rates, so the quality of writing is dropping. I don't trust management and I don't feel like management trusts us.