Driving to work today I found myself wondering if any coordinated effort to collect public domain recordings of H.P. Lovecraft's stories has been made. While not focused specifically on Lovecraft, the LibriVox project contains many, if not all, of his works:http://librivox.org/
Unfortunately, the recordings I've tried so far are not particularly easy to listen to. While I appreciate the efforts made by the readers of those stories, I doubt they'd disagree with my opinion that they lack at least one of the three key qualities of a good reading: pace, rhythm, and tone (I just made those up now; if you disagree, please enlighten me).
I searched for professional Lovecraft readings on Audible and found a number of them by Wayne June. I listened to some free samples, and I have to admit he does a wonderful job.http://www.audible.com/pd/ref=sr_1_1?asin=B004B7PYW2
It's unfortunate that June's recordings aren't particularly affordable (let alone free). I'd probably recommend his
readings for someone new to Lovecraft and not interested in reading the text. But for me, a long-time fan, the LibriVox recordings should serve adequately.