Removing the quotes around "$channels"
works for me:
$ channels="1 2 3 4 5 5u 6 7 7u 8 8u 9 9u 10 10u 11 11u 2l 36 3l 40 40u 44 48
> 48u 4l 52 56 56u 5l 60 61 64 64u 7l 100 104 104u 108 112
> 112u 116 132 136 136u 140 144 144u 149 153 153u 157 161 161u 165 36l
> 44l 52l 60l 100l 108l 132l 140l 149l 157l 36/80 40/80 44/80 48/80 52/80 56/80 60/80
> 64/80 100/80 104/80 108/80 112/80 132/80 136/80 140/80 144/80 149/80 153/80 157/80 161/80"
$ for t in $channels; do echo $t; done
1
2
3
4
5
# etc.