Pros
I think good pay for early career journalists, especially in you are in a semi affordable location. Job security, except for the round of buyouts, there's a lot of lifers in there and I know the union should have your back as well. I can't speak for text as I was strictly on as a regional VJ, but I think again for those that have been doing it for decades, it's a sweet job that won't require you to prove your worth, simply because you can shoot and are doing the work, you are doing fine and nothing more will be asked of you.
Cons
For those in video with a big more ambition, plans to win an Emmy in news/doc or delve into investigative video, hungry for high quality visuals and to be pushed towards that, you won't find it here. Some of these VJs have been at it for decades, still shooting the same old way, no plans to win awards or tell a nationally captivating story, they mostly work in the quick turn around, 2 minutes pieces that feed the content machine.