The full article can be found here at the Publishers Weekly website:
Volume 257 Issue 33 08/23/2010 The New PW Select: A Quarterly Service for the Self-Published
Aug 23, 2010
We are announcing PW Select, a quarterly supplement announcing self-published titles and reviewing those we believe are most deserving of a critical assessment. The first supplement will appear in our year-end issue in December. Each quarterly will include a complete announcement issue of all self-published books submitted during that period. The listings will include author, title, subtitle, price, pagination and format, ISBN, a brief description, and ordering information provided by the authors, who will be required to pay a processing fee for their listing. At least 25 of the submitted titles will be selected for a published review.
The entire PW editorial staff will participate in a review of the titles being considered for review, and we'll likely invite a few agent friends and distributors to have a look at what we've chosen. No promises there, just letting some publishing friends take advantage of the opportunity to see the collection.
The first reading period for self-published books will be from September 1 until the end of October. All submitted titles will be registered online by the publisher at www.publishers-weekly/diy (which will be active before the start of the reading period); a processing fee of $149 will be charged. Once the registration process is completed, shipping instructions and a confirmation code will be issued. Additional copies of the supplement will be available for distribution.
We briefly considered charging for reviews, but in the end preferred to maintain our right to review what we deemed worthy. The processing fee that guarantees a listing and the chance to be reviewed accomplishes what we want: to inform the trade of what is happening in self-publishing and to present a PW selection of what has the most merit.