Pros
Since the company is relatively small, there are many opportunities to learn a variety of things within the publishing / editorial / academic arena. Some of the company outings are nice as well, especially if you are in the departments likely to experience all of them such as Sales. However...
Cons
...you should always have your resume up to date, because no one is safe here. Whether you are a loyal and hardworking individual contributor, or a VP, or even the President of this company, the termination team will come for you eventually. Even if you believe that your department is safe, it probably isn't. Entire departments have been known to vanish -- no, get "reorganized" out of the building -- without a trace at this company. There have been stretches of time where multiple people would be fired each week for over a month, with the same demoralizing "They will be pursuing new business opportunities" email sent to the company afterward. Either that will happen, or the toxic environment and the culture of fear within the company will eventually drive you to seek employment at a more humane organization, one with morals and a positive company culture.