John Jurgensen writes: "It was a recent hit in office cubicles around the world: a 3½-minute Internet video of two art students from China lip-synching a Backstreet Boys song. Now, some TV companies are hoping that the grainy clips zapped around the Internet can be something more: a cheap source of content, preapproved by a Web audience of millions. ¶ Two channels have recently created 21st-century equivalents of 'America's Funniest Home Videos.' The new shows, on cable channels VH1 and Bravo, compile so-called "viral" videos that circulate on the Web. At a time when networks are moving to make TV shows more available on the Internet (this week, episodes of two CBS sitcoms went up on Yahoo), it's an illustration of the reverse phenomenon of the Web's inroads into TV. ..." Link: Wall Street Journal.