The new email editor does not support text wrapping around an image, but you can approximate the effect using multi-column layouts. The steps involved are described below.
- Position a single column layout above and below a left or right sidebar layout, as shown below.
- Add text gadgets to the top and bottom layouts, and to the wider of the two sidebar layouts.
- Add an image gadget to the narrower of the two sidebar layouts.
- Add the image to the image gadget, and add the text you want to appear above, below, and beside the image.
After adjusting the padding of the various columns, you'll end up with something like this: