Originally Posted by **********

Guess again. You're not allowed to take FM broadcasts and re-broadcast them on the Internet or anywhere else. The station pays the license fees for the re-broadcast rights, not you. You would be breaking the law if you did this.

Google search for "How do I setup an Internet Radio Station" and you'll find plenty of legal ways to do this that include legal content, proper licenses etc. No extra hardware required on your end.