Very important question. Please help me out on this one. One of my sites was added to Yahoo directory 2 years ago. Since then we changed URL and now the old site is doing a 301 redirect to the new one. I contacted Yahoo many times but they are not updating the link. SO what we have now is our OLD site URL on Yahoo redirecting to the NEW site. Should we leave it alone OR should we pay again and put a new URL on Yahoo directory>? Thank you.
Paying sucks but it's sure worth it. If you leave a 301 redirect, it wouldn't be of much help to rank your new site. As yahoo is a good backlink, you should opt to backlink the new url, not the old one.