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how to set the content to radeditor using javascript
var content = window.clipboardData.getData("Text");

   if (content != null) {
      editor.set_html = content;

var newValue = "control alt delete";
    $find("<%=RadEditor1.ClientID%>").set_html(newValue);

var editor = $find("<%=RadEditor1.ClientID%>");
var content = window.clipboardData.getData("Text");
if (content != null) {
  editor.set_html = content;

var editor = $find("<%=RadEditor1.ClientID%>");
    var stringVal = window.clipboardData.getData("Text");
    if(stringVal != null){
         editor.set_html(stringVal); //replaces the content of the editor with stringVal
         editor.pasteHtml(stringVal); //pastes your string val at the cursor (Defaults to end of the content window if no cursor found)
    }