There's a lot of good history here, but just be aware it is missing the state of the art and thus shouldn't be used for deciding anything about algorithms or approaches to use today.
The page history [1] shows that the article was mostly written in December 2011, with only minor edits since then, so that sounds about right.
[1] https://ethw.org/w/index.php?title=History_of_Lossless_Data_...
> on the bleeding edge of archival software are the PAQ* formats
For "a history of" I don't mind if they don't include the latest decade which is still subject to interpretation for how to structure the text and emphasize key moments/inventions and such, but if they make statements pertaining to the present that's a different story.