Vantaggi
As an editor, you get a lot of freedom because the publisher could care less about editorial content. Also, it's a job, and sometimes you just need a job, no matter how crappy.
Svantaggi
If you value your sanity, DO NOT work here. The publisher has a penchant for belittling his staff and undervaluing (and underpaying) those who work hard. Additionally, the company is not financially solvent. Somehow it's still in business, but the staff has been evicted from a former office and plenty of bills went unpaid. The magazines do not get sent out on time because the company can't afford timely distribution. And don't get me started on circulation -- it's a mess.