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How To Resize PDFs in Lion
Nifty trick and saved my bacon today.
Long story short, Preview in Lion (and also, I’m assuming, Mountain Lion) lets you chose File -> Export. Towards the bottom of the Save screen, you’ll see the option for Quartz Filters. Choose Reduce File Size. If the resulting PDF compresses your images too much, you can create a custom filter with OS X’s Color Sync app.
Then to use this new filter just right click on the PDF you want to compress, choose Open With -> Color Sync, pick the filter you want, and hit Apply.
Categories: Computer Blue
Apple, Lion, Mac, OS X
Nothing Was Delivered 
Thats not how to resize a pdf, thats compressing it to make the file size smaller… not the right answer here.