A broadcast receiver and a channel information processing method are disclosed. A network interface transmits and receives an Internet Protocol (IP) packet. A controller detects broadcast data included in the IP packet received by the network interface and parses the detected broadcast data to obtain virtual channel information and physical channel information. The channel information is transmitted based on service discovery & selection (SD&S). The virtual channel information is transmitted in a broadcast discovery record and the physical channel information is transmitted in a cable network information record.