Thirteen concepts explained, and together they cover almost everything a converter does: bytes, pixels, sample rates, codecs, containers, bitrate and the two kinds of compression. Each one below comes with a small working demonstration computed in your browser, not a diagram. Each also links to the page on this site where you can see it at full depth on your own files.
Storing the same information in fewer bytes by finding patterns: repeated strings, predictable values, common symbols.
What a file is, and what is written inside it besides the content.
How images become grids of numbers, and how those grids are stored.
How audio and video become data, how they are squeezed and how they are packed.
The two ways to make data smaller, and what each one costs.