I’ve written before on an approach called Content Value Analysis (CVA) and I’ve now produced the detail of how this might be done in practice. Chiara Fox of Adaptive Path in her presentation on Content Analysis came closest to this approach when she talked about Content Audits at Euro IA 2008.
However there is a crucial difference between our approaches – the use of statistical techniques and documented heuristics. No don’t reach for that mouse yet! What I’m suggesting is not difficult, will give great substance to your final analysis and will probably save you a lot of work.