1. A network device for managing content over a network, comprising: a input/output interface that is configured to receive input signals including at least one of a IP signal, MPEG Transport over ASI, a DVB signal, an SDI signal, an S-video signal, an AES/EBU signal, or an S/PDIF signal, and to provide an output signal including at least one of a DVB signal, an ATSC signal, an IP signal; a processor in communication with a display and the input/output interface; and a memory in communication with the processor and for use in storing data and machine instructions that causes the processor to perform a plurality of actions, including: determining an input signal selection; enabling a selection of a processing action on the input signal, including at least one of filtering of a program stream, rate shaping, encoding, encapsulation, or encryption of the input signal, wherein rate shaping further comprises transcoding of a bit rate of the input signal by decrypting the input signal, employing a service key inside of an EMM to decrypt an ECM to access a first Control Word key, varying a bit rate on the decrypted signal, and re-encrypting the bit rated signal using a second Control Word key, and further encrypting the second Control Word key using the same service key; determining an output signal format selection; and converting the processed input signal into the determined output signal selection.