My Video Does Not Work when not youtube

[Virginia G]

Hi,
When I add the embed code from you-tube the video works.
when I add the embed code from another site it does not work, when I watched the tutorial video it said it would work for any video, I really would like to add these videos as they were for a news site and I really want to use the interviews I did.

If this cannot work by pasting in the embed code is ther another plugin or way I can add this video to my site other than a link, ie as a video?
thanks for help
V

My blog is www.virginiagrahamsfinanceblog.com

the link to the video I am trying to embed is

http://media.smh.com.au/business/buy...es-647634.html

the embed code taken directly from the video is
<OBJECT id=fdplayer height=376 width=620 classid=clsid:D27CDB6E-AE6D-11cf-96B8-444553540000><PARAM NAME="_cx" VALUE="5080"><PARAM NAME="_cy" VALUE="5080"><PARAM NAME="FlashVars" VALUE=""><PARAM NAME="Movie" VALUE="http://resources.smh.com.au/common/media-common-1.0/swf/FairfaxPlayer.swf?v3.0"><PARAM NAME="Src" VALUE="http://resources.smh.com.au/common/media-common-1.0/swf/FairfaxPlayer.swf?v3.0"><PARAM NAME="WMode" VALUE="Opaque"><PARAM NAME="Play" VALUE="-1"><PARAM NAME="Loop" VALUE="-1"><PARAM NAME="Quality" VALUE="High"><PARAM NAME="SAlign" VALUE=""><PARAM NAME="Menu" VALUE="-1"><PARAM NAME="Base" VALUE=""><PARAM NAME="AllowScriptAccess" VALUE="always"><PARAM NAME="Scale" VALUE="ShowAll"><PARAM NAME="DeviceFont" VALUE="0"><PARAM NAME="EmbedMovie" VALUE="0"><PARAM NAME="BGColor" VALUE=""><PARAM NAME="SWRemote" VALUE=""><PARAM NAME="MovieData" VALUE=""><PARAM NAME="SeamlessTabbing" VALUE="1"><PARAM NAME="Profile" VALUE="0"><PARAM NAME="ProfileAddress" VALUE=""><PARAM NAME="ProfilePort" VALUE="0"><PARAM NAME="AllowNetworking" VALUE="all"><PARAM NAME="AllowFullScreen" VALUE="true"></OBJECT>