How to listen to Internet radio from the command line on Linux

For those of you system admins and Linux aficionados who spend a great deal of your time in front of Linux screen, do you know that ambient noise from online/local radio station can actually be a productivity booster? Believe or not, it is known that moderate level of ambient sound such as music or chatter can actually fuel your creativity at your workplace. If you like the idea of working with music on, maybe this tutorial is useful to you.