I don't know the specifics of this journal or decision, but a few years ago, I decided to only publish with, and review for, journals that are tied to professional organizations. If I volunteer my time, it is to build a science community, not pad publishers' profits.
A remarkable moment in mathematics publishing: almost the entire editorial board of the Journal of Approximation Theory has resigned simultaneously, declaring that “the journal, as we knew it, has ceased to exist.”