Disclosed herein are an apparatus and method for converting a broadcast signal. The apparatus for converting a broadcast signal includes a demultiplexer unit for receiving a terrestrial broadcast signal and generating a terrestrial signaling signal, a signaling conversion unit for converting the terrestrial signaling signal into a cable signaling signal by parsing the terrestrial signaling signal, a cable multiplexer unit for generating a cable broadcast signal by multiplexing the cable signaling signal, and a cable modulation unit for modulating the cable broadcast signal and transmitting the cable broadcast signal over a cable network.