I think this loses the magical thing Reddit has - extremely strong intent signals from millions of people who are constantly voting on these items.
An interesting route to monetisation for Reddit would be divorcing the hive mind from the more passive viewers. There are probably a sizeable number of people who really don't care about the discussions / community interactivity element within Reddit and don't even possess accounts. What if Reddit created an independent app which used the live data from all of these sub-reddit upvotes, comments, (sentiment analysis?) and the rate at which something got picked up to do their "buzzfeed"-esque curation? Reddit's repackaging would create that neutral advertising-safe space, which could be successfully monetised in different ways.
An example of this would be say a deep-connect with content providers like Netflix and Hulu as well as whatever sub-reddits exist for movies, where they have a curated, passive viewing experience of say short-movies culled from a combination of Youtube, Vimeo, and Netflix to create a unique mix that wouldn't exist anywhere else. This would create a constantly changing, dynamic "TV-like" experience. Some viewers would like to engage around what they've watched and then Reddit could close the loop and get more data. I'm sure there are other interesting things to do with all of the photos they have in their dataset. As well all the articles and user-submitted content. (a better Flipboard type app?)
Reddit the company doesn't have to fight with reddit the chaotic force. They can just harness and use it to achieve a scale of manual curation no one has ever attempted before. It could become something quite special.