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I have read instructions [Webcasting live video with Flash Media Live Encoder | Adobe Developer Connection ] that say to use Flash Media Server, but then I see the new version is Adobe Media Server, but I can't download it, though I have an Adobe subscription. It says it costs $995. Is Media Server essential to Live Stream or is there another Adobe ap? Do I instead need to use a third party internet media server?
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Subscription or not, AMS is a standalone application and costs extra. There are a couple of other options out there for live streaming on the internet like Wowza and Red5.
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if one time cost is your main concern then you can opt for Adobe media server on AWS(Amazon market place), which you can run under licensing/subscription