Scott, I'd use Audacity for this.

http://audacity.sourceforge.net/

I'd open the whole recording in Audacity and then cut and paste out each section of the recording into a new track. Start at the beginning of the recording and work your way down to the last track, saving each chunk as a separate WAV file.

Once the tracks are split from the original recording, import the files into iTunes, make a playlist, and then burn that playlist to CD with no gaps, like so: