Ripcording
Recording audio with a computer involves capturing an audio signal and saving it digitally on a hard drive. Ripping an audio track is the process of converting an audio file to an MP3 or other compressed audio format. Ripcording is the simultaneous recording and ripping of an audio signal.
Ripcording is a popular way to download and archive Internet radio broadcasts, digital cable TV radio, and satellite radio. All you need is ripcording software that will record audio and compress it at the same time. By ripcording live audio, you can save audio streams on your hard drive and listen to them whenever you want.