Sorry I have very little knowledge about licenses/copyrights, what does a license on the content mean and how would it work?
If you look at the bottom of stackoverflow.com you can read that all contributions to SO are licended under the http://creativecommons.org/licenses/by-sa/3.0/ with attribution.
This allows for the information on SO to be remixed and reused by the public.
This license allows for all of SO to be downloaded and analyzed by whoever takes the time an effort.
[1]http://creativecommons.org/licenses/by-sa/3.0/
EDIT: please disregard my answer, read the davorak's comment