Now, lossy compression algorithms, such as JPEG, MP3, and almost all video compressors, are different. They have some model of what the content is "supposed to be like", and fit to that model. This works badly for content that does not fit the model, such as the mess JPEG makes of hard edges.
The original author referenced Shannon. The tests he's running use signals from which he cannot extract meaning, so he can only extract the statistics you can compute from a signal you do not understand. There are other tests for "is it signal or is it noise" - looking at the spectrum, autocorrelation to look for repetition (they did some of that), correlation with other signals, and such - but "fractal dimension" isn't one of them.