http://www.soyouwanna.com/site/syws/indierock/indierock.html An example: this explanation of the 80s in the History of Indie Rock.
The '80s
"Sometime in the late '80s, the moniker of underground tunes changed from "punk" to "college music." This was not because only people in college listened to it, but also because the only people who played it were deejays at college radio stations. Anybody with a radio was free to listen, but not very many people did . . . until people realized that despite the weird names of some of these bands, they weren't scary like punks. In fact, a lot of college music was just pop music. R.E.M., U2, Camper Van Beethoven - they were college bands and they were harmless.
As many of those bands became popular, the powers-that-be at the college radio stations became a little bitter that "their bands" were taken away and given to the masses. They reacted by going a little harder and a little darker (a la Nirvana). That's when college music started to become known as "alternative." Again, the general idea was that it was an alternative to say, Tiffany or Bon Jovi or what you might hear on the radio (notice the pattern?)."