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Sorry to revive this old thread, but I don't see a better place to put this. I am looking at the same report - I have a ton of 404's on the list, however I have implemented 301 redirects already.  Will this list update as the 301's get indexed?  Is it possible to have this list reflect the new pages that the 301's point to?  As it sits right now, the "Top pages by Authority" report is useless as it's showing me old pages that no longer exist. Thanks in advance for your answer. Chad

Thank you both, really helpful