The Democratization of Information?

I have been hearing quite a bit recently about the "democratization" of information, knowledge, art, entertainment, etc.  With the expansion of the world wide web and other technological wonders, we find ourselves with more opportunity to learn the skills that we choose, to watch the movies that appeal to our taste, and to read the  books, magazines and blogs that focus on our hobbies and interests.  Most of this is even available on-demand, bringing what used to be at least a car ride away instantly to our fingertips.  What makes this even better is that much of this content is available at no additional cost beyond that paid for the medium by which it is consumed. 

For example, the entertainment I consume during my daily commute has been transformed from the relatively minimal content available over the radio to countless hours of absolutely free podcasts tailored to my individual interests of comedy, economics, politics and technology.  I rarely watch news on television, but I have the opportunity to pick from several 24-hour news stations.  On the web, my news sources are endless.  When I was a child we could tune in, via our antenna, to the evening news on CBS or NBC.  We subscribed to the morning newspaper and the evening newspaper, published in the nearest major town, and the two county papers published every Wednesday.  I was born in 1985. 

Is it appropriate to refer to this great leap forward as a "democratization"?