red5-server: Installation fails on Ubuntu 14.04

This issue is already reported here: https://bugs.launchpad.net/ubuntu/+source/red5/+bug/1312814

Quoting the report: To reproduce: ubuntu 14.04 LTS

sudo apt-get install red5-server
"red5-server: Depends: libtomcat6-java (>= 6.0.20-7) but it is not going to be installed"

then:

sudo apt-get install libtomcat6-java

This successfully brings in all dependencies for libtomcat6-java and installs. Trying again after manually meeting the libtomcat6-java dependency:

sudo apt-get install red5-server
Reading package lists... Done
Building dependency tree
Reading state information... Done
The following extra packages will be installed:
  libred5-java
The following NEW packages will be installed:
  libred5-java red5-server
0 upgraded, 2 newly installed, 0 to remove and 0 not upgraded.
Need to get 0 B/1,023 kB of archives.
After this operation, 1,372 kB of additional disk space will be used.
Do you want to continue? [Y/n] Y
Selecting previously unselected package libred5-java.
(Reading database ... 263596 files and directories currently installed.)
Preparing to unpack .../libred5-java_1.0~svn4374-3_all.deb ...
Unpacking libred5-java (1.0~svn4374-3) ...
Selecting previously unselected package red5-server.
Preparing to unpack .../red5-server_1.0~svn4374-3_all.deb ...
Unpacking red5-server (1.0~svn4374-3) ...
Processing triggers for ureadahead (0.100.0-16) ...
Setting up libred5-java (1.0~svn4374-3) ...
Setting up red5-server (1.0~svn4374-3) ...
Allowing use of questionable username.
Adding system user `_red5' (UID 119) ...
Adding new user `_red5' (UID 119) with group `nogroup' ...
Not creating home directory `/usr/share/red5'.
 * Starting Flash streaming server red5-server [fail]
invoke-rc.d: initscript red5-server, action "start" failed.
dpkg: error processing package red5-server (--configure):
 subprocess installed post-installation script returned error exit status 1
Processing triggers for ureadahead (0.100.0-16) ...
Errors were encountered while processing:
 red5-server
E: Sub-process /usr/bin/dpkg returned an error code (1)