Pros
There's not a lot going for Politico right now. To say it's in a state of transition is like saying someone suffering from an acute heart attack is feeling a bit under the weather. The rank-and-file staff are smart, dedicated, and yearn for capable, authentic leadership, but are getting what only can be described as ersatz at best. Taking a position here could be rewarding in so much as the people with whom you interact regularly are likely to be motivated, conscious, and dedicated. Unfortunately, they are stymied by the gale force turbulence at the top of the company.
Cons
As others have pointed out in earlier comments, pretty much the entire management team has quite over the past several months. To wit, the CEO, COO, CRO, CTO, EVP of Expansion, VP of States Expansion, and the company's Senior White House Corespondent have resigned. They resigned because of disputes with the owner about strategic direction, autonomy, and investment. Since their departure, the owner has stepped in as CEO and it's fair to say the company has been adrift, lacking a strategic vision or even solid day-to-day operational execution. Sales in some parts of the organization are seriously struggling, which will likely put pressure on the company to cut costs unless the billionaire owner simply shovels more money in. More recently middle and entry-level staff have begun to depart too. The already toxic politics at the senior levels of the organization have become even worse. The prior comments about how imperative it is for new management to be hired ignores that fact that the owner has been feverishly trying to hire executive replacements. However, they are struggling because they and Politico have such a bad reputations in the marketplace, qualified candidates are steering clear. It's fair to say that sooner or later they'll find replacements, but what will the quality and ability of those replacements be? For entry-level staff considering a position here, think hard about what Politico is likely to be a year from now given these dynamics. There's a good chance you'll simply be signing on to an organization in a slow, but unstoppable decline from its previous zenith.