In a seismic but inevitable shift for legacy pay TV protection, the Kudelski Group has effectively wheeled Nagra—its legendary content security arm—into a euthanasia pod. An organizational overhaul will see the Nagravision Digital TV business merged with fundamental core security technologies and folded into the Nagravision Core Digital Security division. This is Kudelski’s retaliation to diminishing returns from legacy conditional access and DRM opportunities, instead pivoting to cybersecurity, IoT, and operational technology security. Another round of job cuts at the Swiss cybersecurity stalwart—this time canning 160 positions—are mostly related to Nagravision. With this division being consolidated, the portfolio of TV security products for broadcast, pay TV, IPTV, and streaming are likely to be trimmed back. Regrettably, the company turned down…