This blog has been re-posted and edited with permission from Dries Buytaert's blog.
I'm excited to share that when Drupal 8.8 drops in December, Drupal's WYSIWYG editor will allow media embedding.

You may wonder: Why is that worth announcing on your blog? It's just one new button in my WYSIWYG editor.
It's a big deal because Drupal's media management has been going through a decade-long transformation. The addition of WYSIWYG integration completes the final milestone. You can read more about it on Wim's blog post.
Drupal 8.8 should ship with complete media management, which is fantastic news for site builders and content authors who have long wanted a simpler way to embed media in Drupal.
Congratulations to the Media Initiative team for this significant achievement!