He was actually going to update every single entry. I recommended that it the blog has all posts in it's SQL database and had to find all the fields which contained the text (old url address), with the new text (new url ).
Now I will show you and easy way to update this.
Go to your database SQL screen and type in as follows
UPDATE [your_table_name] SET [your_table_field] = REPLACE([your_table_field], '[string_to_find]' , '[string_to_be_replaced]');
example
UPDATE my_posts SET post_content = REPLACE(
post_content
, 'www.oldurl.com' , '
www.newurl.com
');
So armed with only one query per column table combination, you can easily update your blog or database with the new text.