If you directly link a stream that is usually inside their ad-wrapped web page, perhaps. The existing link and site blocking scope is fairly broad, making it a relatively small reach to go this step further.
The EU are looking to go down a similar path, with stuff like the ‘link tax’ - where Facebook/Google could be forced to pay publishers for merely linking to their sites and providing what would otherwise be a clearly fair use snippet of the content.
Clearly the radio industry here are looking at that kind of overreach with glowing eyes.
One thing I will say - is if a company is taking a web stream they don’t host without authorisation from the rights holder, wrapping ads around a player and earning money - that is a clear breach and should be able to be the subject of a takedown. That’s very different than a link however.