Pros
The company is one of the best run TV station broadcasters in the business. You're connected to the Hearst empire, which gives opportunities for high-achievers to connect with other groups of the media empire. Citizens United ruling will pad the earnings for companies like Hearst Television which will help alleviate some medium-term challenges facing this company and the rest of the industry.
Cons
Unfortunately all broadcasters are only good at the same "tactics" that made them successful through the 1980s. Hearst is especially prone to this because its a very top-down management style. I always got the feeling from station management that meeting your numbers was a do-or-die principle. Also the annual line-item budgeting process completely sidelined senior management for two months out of year and made it impossible to do anything else.