Note: that this installation has been applied in Fedora with "yum", but you can easily do in other Linux distributions with aptitude, apt-get (Ubuntu), ...
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1) Install Java JRE: Download Java JRE here: http://www.oracle.com/technetwork/java/javase/downloads/index.html
For me, I chose this version "jre-7u5-linux-i586.rpm"
After, your run this script:
sudo chmod +x jre-7u5-linux-i586.rpm
sudo sh jre-7u5-linux-i586.rpm
Make the same procedure for JDK.
Note: You can also install Java with the command:
sudo yum update
sudo yum install java-package sun-java6-jdk sun-java6-jre subversion ant
2) Download Red5
Get the latest version in SVN: svn ...