Live \[Broad\|Pod\]casting with Linux

I was wondering if anyone out there would have a “recipe” for doing live broadcasting (and podcasting) using only open source applications?  The goal is to replace our record-from-Skype-conversation-with-Audacity-and-convert-to-ogg “process” and eventually have sort of a “live” program where people could listen to a weekly talk and/or download the podcast as well.

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