We had a look at different podcasting studio set ups. These are based on our own experience and experts advise. Thanks to Milliways Radio 
for an advice on budget equipment.
Audio Equipment
Small podcasting set up
This is a set up for a 4 mics podcasting and streaming studio.
USB mixer and 2 XLR mics option.
Video Equipment
Here we look at creating a super low cost Live TV Studio using one or more Raspberry Pi 2 devices.
The Wirecast studio utilises Thunderbolt 2 based computer hardware, and HDMI and high quality USB based cameras.
The UltraStudio Mini Recorder is an ultra small pocket sized Thunderbolt powered recording from SDI and HDMI - blackmagicdesign.com