Importing transparent images:
Make sure the image has transparency in Photoshop or Illustrator. Import as a .psd or .ai document. The image will retain it's transparent elements. This allows you to overlap the image itself with other objects, and wrap text to the border of the image, rather than the bounding box.
*When saving an Illustrator file, make sure that the PDF Compatibility option is checked in the Save Dialog box.
Text Wrap
Window>Text Wrap
Buttons:
-No wrap: Lets text flow around an object
-Bounding Box: Flows the text around the object
-Object Shape: Flows the text around the shape of the frame or shape of the placed object
-Jump Object: Flows the text to the next available space under the object
-Jump to Available Column: Flows the text to the next column or text frame
Invert: Causes the text to flow inside object, rather than outside.
Offset Fields: Controls the amount of distance between text and the object
