Pros
Anything you wanted to learn was available if you wanted it. Peers were helpful and committed to seeing a paper get out every day, no matter the hurdles. If you helped get passed the problem, peers and end users were appreciative and complimentary. Never a dull day.
Cons
Long hours with little or no recompense. Very little in the way of recognition of effort and personal sacrifice from higher management. Pay increases and or promotion only to the selected few. Labor reductions only to the bottom of the ladder; very little labor reductions at the top of ladder. Corporate structure is management heavy.