This tutorial is for Mac users who want to set up their computer to broadcast a radio program online. Software needed: Skype, Soundflower, Audio Hijack Pro which is now known as Audio Hijack and butt broadcaster.
However, if you already do not have the audio encoder lame, you will need to acquire it for mp3 streaming. You need to save it to a new folder on your machine you will remember. This encoder is also used for the audio editing software like Audacity to save mp3 audio files.