Thanks to Mystilleef - http://ubuntuforums.org/showthread.php?t=436709

Here is a step by step howto for striim - Internet Radio Player.

Code:
$ sudo apt-get install build-essential yelp python-dbus python-gtk2 python-gtk2-dev python-gnome2 python-musicbrainz2 python-gst0.10 gstreamer0.10-plugins-base gstreamer0.10-plugins-ugly
Download file from here: http://striim.sourceforge.net/download.php
or
Code:
$ wget http://striim.sf.net/striim-0.0.4.tar.bz2
Code:
$ tar -jxvf striim-0.0.4.tar.bz2
Code:
$ cd striim-0.0.4/
Code:
$ ./configure
Code:
$ make
Code:
$ sudo make install
now go to Applications -> Sound & Video -> striim Internet Radio Player