First you need to put the two different elements (the youtube video and the news widget) into their own divs. Then you can float those divs so that they appear next to each other, provided there is enough width in your layout to accommodate their combined widths. Some example code taken from your site is listed below. Note: that there was a closing </div> after the news widget which I am going to assume closes some <div> higher on the page. If its a rogue div it could mess up you layout/
<div style="float:left; width:360px;">
<div id='vu_ytplayer_vjVQa1PpcFNt0VcsgCCYRHVlmmXabk9CTCGfN1O6PjY='>
<a href='https://www.youtube.com/browse'>Watch the latest videos on YouTube.com</a>
</div>
<script type='text/javascript' src='https://www.youtube.com/watch_custom_player?id=vjVQa1PpcFNt0VcsgCCYRHVlmmXabk9CTCGfN1O6PjY='></script>
</div>
<div style="float:right; width:160px;">
<object type="application/x-shockwave-flash" data="https://widgets.clearspring.com/o/48613409efac8054/48ee48e4837fade6/48ad83d82ed46058/1fe7732e/-cpid/e5f7fe521b367352" id="W48613409efac805448ee48e4837fade6" width="160" height="300"><param name="movie" value="https://widgets.clearspring.com/o/48613409efac8054/48ee48e4837fade6/48ad83d82ed46058/1fe7732e/-cpid/e5f7fe521b367352" /><param name="wmode" value="transparent" /><param name="allowNetworking" value="all" /><param name="allowScriptAccess" value="always" /></object>
</div>
<div style="clear:both;"></div>
In the example you should change the example width, 360px, of the youtube video to its actual width. The 160px for the news widget is identified in its code, so I think its right. If the width of the video and the width of the news widget are greater then that area’s width the news widget will cascade down and not float to the right. The clear:both; prevents further elements from floating around those elements.
Also, you have some invalid code in your template. Search for the code:
<div
padding-left = 48px
and take that out. If you wish to assign padding-left directly to a div you can do so like this:
<div style="padding-left:48px;"></div>
Hope that helps.