http://www.stormcam.org/internet-radio/
How did you set up an Internet radio station of UK legal?
How would I go about creating an internet radio station Legal. What do I need licenses, what they are for, and how much do they cost? I heard something about having to pay for a license for the artist and one for recording? If my music was downloaded (legally) from, for example iTunes, would I still need pay for the recording?
Ask your local government authroties
How to make a FREE Internet Radio Station