I am an assistant editor of the math journal published by our department. This is a small journal, circa 15 years old, with two issues each year, and impact factor close to zero. Usually, my main job is to send out invitations to people in my field to submit survey papers to our journal.
A couple of years ago we were approached by a big publishing house interested in publishing our journal. The invitation is still pending. I am not very aware of the conditions yet, as I entered the editorial board just a few months ago. There is going to be a meeting of the board soon, to discuss this matter, and I was looking for some opinions and input from more experienced people here in Mathoverflow.
I am aware of the polemics around the surge in prices of subscriptions of academic journals, Elsevier's boycott, resignation of the editorial board of Topology, etc. Given this situation, I would like our journal to move in the "right' direction, whatever that means.
What are the advantages of accepting the offer? The big publisher of course offers a professional framework including distribution, advertisement, etc. On the other hand, we will be just one more journal among hundreds of journals published by that company.
Then there is the question of the mode of distribution: I think they offer both open access or regular subscription. It seems to me that open access, with article processing charges, would make no sense for our small journal.
Our ultimate goal is, as always, to receive more submissions to our journal (and as a consequence raise standards and enlarge our readership), but also contribute to the effort to improve publishing businesses practices.
I have posted this on meta but it could be moved to MO if people find appropriate.