"The Showbiz Show" aims to do for entertainment news shows what Jon Stewart does for the nightly news. Comedy Central said Monday the show probably will debut in September.
Think about the past few weeks alone: Tom Cruise and his whirlwind romance, Russell Crowe and the hotel phone. The joke possibilities are endless, Spade said.
What once seemed like Hollywood-insider information is now everywhere, he said.
"Even my mom is like, `Cinderella Man' took a bit of a dip the second week,"' he said in an interview with The Associated Press. "Huh? How did you hear that? `Does Angelina Jolie really drink blood? Call me back."'
Spade's program will feature a mix similar to "The Daily Show," with "correspondents," on-location pieces, parodies using film clips and celebrity guests. He created the show with writing partner Hugh Fink.
"There's so much that's funny in all these magazines and shows that there needs to be a different point of view," he said. "I'm not saying it has to be mean, mean jokes aren't always the funniest. I think it's just making fun and taking a new angle, and kind of doing what people are thinking for real."
Spade, who's primarily worked in sitcoms ("Just Shoot Me!" and "8 Simple Rules ... ") for several years, said he was eager for the opportunity to do more topical comedy.