Streaming music

Hi,
I've downloaded music from a radio station website.
Once it is down it plays in a quicktime window.
I'd like to save it, but I only have the option of saving it as a quicktime file.
This file will then not play once saved.

I really like to save it as an mp3 so I can play it through iTunes and my Pod.
Does anyone know is this is possible?
Incidentally the website I'm getting the music from is:

http://www.cybernetic-broadcasting.n...tic-mixage.htm

Thanks!
G..