www.1047fm.ca: Radio station stream: flv file(104,7 FM Le FM Parlé de l'Outaouais)

The audio streaming I captured from 1047fm.ca radio station (104,7 FM Le FM Parlé de l'Outaouais) is recorded in FLV format. While I would rather record in mp3 format, I cannot even convert the recorded flv file to mp3 format.

Questions:

Is it possible to record from the streaming URL in mp3 format?

In the event that it is not possible, is there an easy way of converting the recorded flv file to mp3?

Radio station info

Radio station Web page: http://www.1047fm.ca/
Webradio URL: http://www.1047fm.ca/webradio
Streaming URL: http://208.80.52.40:80/CJRCAMAAC