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Resize your image to 1024x768 or smaller as well reduce the dpi to 72. (alt-i, i)
Make your thumb.
Save-for-web. (ctrl+alt+shift-s) - under the heading OPTIMIZED and to the right of QUALITY, drop the number down until the output is what you want.
You should see the file size drop considerably.
If you create a batch/action the rest of your images will be of similar file size.
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