This script converts the files of the selected tracks in iTunes using an encoder of your choice on-the-fly (restoring your Preferences-set encoder afterwards). The newly converted files are then moved to a new location of your choice, and their tracks removed from iTunes.
Also see M3Unify, an application that provides many more options for converting/exporting files from iTunes.
Perhaps Also of Interest...
downloaded 23m 52s ago
Change video kind and video related tags of selected video tracks
downloaded 42m 47s ago
Display and export playlists' name, size, time, and track count for selected source
downloaded 47m 44s ago
Convert selected tracks and replace them with converted versions
downloaded 50m 37s ago
Export files of tracks in two or more playlists to single folder
downloaded 53m 23s ago
Copy chosen tag info from one set of tracks to a different set of tracks
downloaded 57m 21s ago
Perform search-and-replace on text in your choice of tags