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In this video tutorial, the process of reducing the size of a PDF file without losing quality is demonstrated. The original file size is 4.1 MB. To compress the file, a free tool is recommended which offers three compression options based on the content of the PDF - extreme compression, recommended compression for files with images, and less compression for text-only files. After selecting the compression level and compressing the PDF, the file size is reduced by 76% to a smaller size.