Well for anyone using this forum for answers can look at these shareware/free applications.
1. Audio HiJack Pro. If you can Airport Express or another device then look at their [url=http://rogueamoeba.com/airfoil/[/url]. Rogue Amoeba is full of audio applications from audio pros so you can take a look at all their applications.
3. Amadeus Pro . This application for what it does it very well.
4. FStream for a lightweight radio streaming free application that also can record that radio stream. You can even add any radio station if you know the streaming IP address.
Mac Pro Dual 2.8 Quad (2nd gen), 14G Ram, Two DVD-RW Drives, OS X 10.8.3
2006 Mac Book Pro 2.16 (first Gen) OS X 10.7.4
2TB Time Capsule, 2 TB
32G iPhone 4S Black, iPad (3rd Gen) 32G Black