Question for all you wiser, more experienced folks:
New Victoria is a small press that's been around for decades, had a good reputation, put out lots of good literary-type genre books, had good distribution, etc.
The owners sold it to someone new. The new someone is self described as a book lover and an (unpublished, as far as I can tell) author with no experience in editing, publishing, etc. The re-vamped website for this publisher contains no information about the owner or any of the staff members.
On another list, someone asked about this publisher, and I opined that they might be a bit risky due to the new owner's apparently zero experience in the business. An unidentified spokesperson for NV arrived on the list and said: (1) my comments were mean-spirited and unsupportive of the lesbian publishing community; (2) the new owner had put together a good team and had just released their first book; and (3) the lack of staff/owner info on the website was deliberate for privacy and security reasons.
I'm happy to concede each point. But I'm wondering: when a publisher changes hands, how much of their "good reputation" goes to the new owner? Can an author bank on the publisher's previous successes, distribution, sales, etc? How much if any is likely to be affected by new ownership?
Thanks for any and all info y'all might have to offer!