A funny thing happened on the way to an SEO Mecca. The New York Times decided to fold all of the content of the International Herald Tribune into NYTimes.com as an SEO play. Gawker has the full backstory.

If you don’t feel like reading, the New York Times has been asking Google for enhanced SERPs (Search Engine Result Placements) for some time. As Google has refused special treatment, the Times decided to take the step of combining it’s moderately-strong iht.com property into the main NYTimes.com. On paper, this makes sense if they were playing to combine the strengths of both properties to enhance the value of the content in the search engines.

Many people do this, even on small scales. Through special, yet simple, configurations, systems admins can redirect one page to another and pass a code that instructs search engines to find the old content at the new location permanently or temporarily, depending on the use case and purpose. It’s a bit tricky, but also not rocket science. It happens all the time, and in fact, also happens on this site where I’ve deprecated old content pages in favor of new ones.

These are basic steps that are taken, and required, to retain the search engine value of a site. Unfortunately, as the Gawker story points out, the Times botched the process and is redirecting all of the IHT content to a single landing page, nullifying the value of all their content. (Though the argument could be made that if Times engineers jumped on the mistake quick enough, they could salvage the damage before Google updated all the results.

Assuming, however, that that is not the case, the decision to handle this in-house instead of contracting a professional SEO firm or consultant, highlights another bad business practice that is far too common – especially when a company is cash strapped, as the Times is.

Hiring an outside firm or individual to handle this stuff meticulously would have easily cost the Times a number in the five figure range. Easily. Maybe six figures, depending on the firm and the scope and complexity of the problem. Undoubtedly, this is a lot of money and one of the reasons that people try to do jobs on their own.

However, the flip side of this particular problem, understanding of course that I don’t have all the details, is that the advertising revenue being lost as a result of the search traffic that will not come to the site for a long time from Google, is unquestionably going to exceed the money they would have lost to hire a firm or reputed SEO professional.

In the advertising world, though in my opinion it is a flawed concept long-term, the most lucrative advertising for a content property like the New York Times, is CPM. CPM, is the amount of money that an advertiser is willing to pay for every thousand impression, or page view.

According to Compete.com (which is tragically wrong most of the time), the International Herald Tribune website gets approximately 4.6M page views monthly (2M unique visitors * 2.3 average pages per visit). At an extremely conservative rate of $20 CPM, the Times would lose $90,000 a month in advertising revenue. For $50,000, they could have contracted a firm to handle the SEO implications of the IHT switch.

I admit that I’m pulling numbers out of my ass here. Without a doubt, my numbers are way off any semblance of reality. The dollar figures per CPM are higher. The traffic is higher. But, my point is made.

Companies looking to play in the web space, when it’s not their primary business, should utilize contractors as much as possible. The downside of using contractors is the lack of “buy in” to the company mission, however consultants are usually more efficient and professional about getting a job done right the first time (they have other clients) than many in-house teams can do. In a down economy, as well, it’s critically important that companies are able to stay focused on their core missions.

Bonus: Despite the fact that I am making up numbers, the principle behind consultancy remains. But to lighten things up, I’ll toss the naysayers a bone.