What would be the steps to record streaming audio to CD?

Hi! Thanks for the question.

You must do 3 things to record streaming audio to a CD.

1. You will need software to record the streaming audio on your PC.
Here are articles which provides tips on how to do this.

"How to Record Streaming Audio From Internet Radio Stations and
Sources"
http://radio.about.com/c/ht/02/09/How_Record_Streaming_Audio1032295842.htm

"How to Capture an Audio Stream"
http://www.techtv.com/audiofile/musictech/story/0,23008,3006415,00.html

The About.com website provides a list of software you can use to
capture streaming audio.

"Software To Record Streaming Audio - PC"
http://radio.about.com/cs/recordingstreams/

2. The second thing you have to do to play it in your CD player is to
convert the file first to wav format. If your cd player can play MP3s
then you can burn the audio files directly on the CD-R without the
conversion process.

3. After converting the MP3s to wav files you can then burn the files
to a CD-R and then play it an ordinary cd player.

Our next link provides a guide on how to do both steps 2 and 3.

"How to Convert MP3s to Audio CDs"
http://www.techtv.com/audiofile/story/0,23008,3300580,00.html

Search terms used:   
record streaming audio       
convert MP3  wav "MusicMatch"
              
I hope these links would help you in your research. Before rating this
answer, please ask for a clarification if you have a question or if
you would need further information.
              
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Regards,               
Easterangel-ga               
Google Answers Researcher

Good answer. Thank you.

Another way is to record the sound with the shareware program
TotalRecorder, which can directly save as .wav (although CD burning
software like Ahead Nero can make audio cds out of mp3s without you
first having to convert them to .wav.).

http://www.highcriteria.com/productfr.htm#prod_TR

I've used both Streamripper, mentioned in one of Easterangels
articles, and Total Recorder to record streaming radio stations
(http://www.KCRW.org). I've found Total Recorder better because it
allows me to make each file for example 5 minutes long, so that I can
change tracks easily. Streamripper have got an automatic function
that's supposed to recognice when there actually a new song. That of
course is better, instead of ending up with songs cut "randomly", but
it didn't work for me, and all I got was one huge mp3 with hours of
music, and no simple way of moving to a special segment.

Two things that does make Streamripper better though, is that it's
free, and records the actual stream, and not the soundcard sound,
which perhaps make the quality better.

Direct link to Streamripper:
http://streamripper.sourceforge.net/

I use Silent-Bob to capture streaming audio and save it as a WAV file:
  http://www.silent-bob.de/en/

This file can be played directly on your computer or burned to a CD. 

I use RazorLAME to encode the WAV file as an MP3 file (CD quality) to
save disk space:
  http://www.dors.de/razorlame/

RazorLAME is a user front end for LAME, which is also necessary:
  http://lame.sourceforge.net/