You kan do it from textmode or if you have Gnome desktop, use GNOME Terminal,
and change to directory [You could 'mkdir' (make directory)] you want to stream to.
then you need to install 'streamripper'
$: sudo apt-get install streamripper
Here is how to use: 'streamripper (URL)
and streamripper will be separating each song to own file and naming the files, if information is available. If you type:
You can then use that on your music player so you don't need to have 2 connections open to the web radio, to listen & rip at the same time.
If you don't want to have tons of folders everytime you rip, type:
For a GUI way,
ripping will look like this, have fun.... :)