Podcasting disintermediates traditional radio content
Today's word provides an interesting study in the differences in various dictionaries. The word is disintermediation. I was reminded of the word by IPaction.org. "IPac[tion] is a nonpartisan group dedicated to preserving individual freedom through balanced intellectual property policy." If you think intellectual property laws favor large organizations at the expense of individuals and independent you should check out and hopefully donate to IPaction.org.
I thought disintermediation would be a good word because podcasting is disintermediating audio content. And that is the first definition of disintermediation. A noun that describes the removal of intermediaries or distributors from the supply chain. It is a word that was thrown around a lot back during the Internet boom. When everyone thought manufacturers were going to sell everything direct to consumers and all the retailers would be put out of business.
The other definition was new to me. Also a noun, it refers to the diversion of money from a saving account to a higher yield investment like stock.
As I mentioned earlier the differences in the reference sources is interesting. Only one listed both definitions (Encarta). Five listed the diversion of money and only two listed the the definition I was familiar with, the removal of intermediaries.
Both definitions:
Removal of intermediaries:
Diverting savings:
Posted by Scott Brenner January 4, 2005
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