A new exact solution of the nonlinear shallow-water equations is presented. The solution corresponds to divergent and non-divergent free oscillations in an infinite straight channel of parabolic cross-section on the rotating Earth. It provides a description of the one-dimensional subclass of shallow-water flows in paraboloidal basins in which the velocity field varies linearly and the free-surface displacement varies quadratically with the spatial coordinates. In contrast to the previous exact solutions describing divergent oscillations in circular and elliptic paraboloidal basins, the oscillation frequency of the divergent oscillation in the parabolic channel is found to depend, in part, on the amplitudes of the relative vorticity and free-surface curvature.