(My question is probably badly formulated, sorry for this.)
TheoretiCS is an overlay journal in Theoretical CS (hence charge-free and in full open access), launched two years ago. From my point of view it has all the desirable qualities (including a gorgeous layout), and it has been endorsed by some very famous researchers.
However, it does not seem to work that well: there were only 10 papers published in 2023. In comparison, its “brother” LMCS published almost 30 papers in its second year, even though 1° it publishes papers about a small subset of its research area, 2° open access was a less omnipresent topic at the time (in 2006; since then LMCS has become the main journal in the logics-in-CS community, and section B of TCS has almost disappeared).
Do you have any guesses why this is the case? Were there already prominent similar journals, or is it for some reason more difficult to get rid of Spr!nger and Elsev*er in some communities?
(I'm still young and naive, so please forgive me if I'm writing nonsense.)