http://news.deviantart.com/article/20250/
Manyk's idea is to apply some extra larger radius sharpening to the original before resizing and additional iterative sharpening passes with minimal values after the resizing. Furthermore, the sharpening effects are restricted to the midtones to a a varying degree. This procedure seems to compensate for the quality loss caused by the resizing quite well.
The action discussed in the deviantart post is attached below ("translated" for PhotoLine). I use it for batch conversions (it scales to a width of 600 px by default, but this is easily adjustable) .
The attachment also has a second extended version of the script with the ability to add watermarks or signatures.

One example: top - normal scaling (Lanczos); bottom - the PrepForWebWatermark action ( looks like my monitor needs calibration ):
