Pros: still has a respectable name locally.
Cons: benefits get worse every year. no chance for a raise: keeping your job is the only raise you'll get.
A year without massive company-wide layoffs is considered a stunning success. Those who do keep their jobs are very catty and more likely to play politics than produce something of value. Wide abyss between upper management and everyone else. Coasting on a handful of Pulitzer prizes it won over a decade ago.