It's ILLEGAL to rebroadcast material that YOU KNOW is copyrighted. It's as simple as that.
Some would say that Old Time Radio programs are copyrighted, but the truth is that EVERY Old Time Radio program BEFORE January 1st, 1978 are considered PUBLIC DOMAIN. I would imagine there are a handful of old TV shows that you don't even see on TVLand are considered to be PUBLIC DOMAIN too, but that list is rather small.
Either way you look at it, unlike the early days of SHOUTcast, we KNOW what the rules are THIS time. As such, I'd be SHOCKED if we had another round of the very same thing which (STILL, thanks to The RIAA) plagues Internet Radio once Internet TV takes off in full swing.
Just MY $.02 worth....Cheers for now :-)
Jeeper One Radio Network
(Our Flagship Station)