The plan, according to today's Los Angeles Times, is to post 13,000 clips from episodes dating back to 1999 on www.dailyshow.com. Clips will be monetized by ads; the Times reports that Viacom is mulling ads that play for just two or three seconds before a clip, then run on the bottom corner of the screen.
Obviously, the venture is an experiment, marking Viacom's attempts to figure out what will work online. And, while posting clips on a Viacom-owned site makes more sense than letting them gather dust in a vault, the new initiative might not be the best way to get clips seen.
For one thing, with high-profile ventures like Joost and Hulu ready to claim a share of the growing Web video market, attempting to corral all of a show's clips on one site doesn't seem like an optimal strategy. Also, while the new site is still a work-in-progress, it's not yet clear whether Viacom intends to add features that will encourage the viral spread of clips. But without that ability, the site's potential seems limited.