I've not found a good solution for colour text and
line drawings.
JPEG still is not the right answer (it still hates those high
frequency edges) but other formats I've tried all eat up inordinate
amounts of disk space.
GIF is pretty good, provided you have very low colour depth in an
information-theoretical sense - very few distinct colours. (You do
need to either be in a jurisdiction where LZW was never patented or the
patent has expired, or be using it in accordance with the free license,
which as I recall basically means "noncommercial". Or, I suppose, be
willing to ignore the patent, but I wouldn't accuse any of us of that.)
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