Panasonic VIERA Flat Panel Televisions. Won't turn on. Made one popping sound. Now smoking.

SOURCE: Akai LCT2716 Flat Panel TV

Mine started doing the same thing.

I turn power off (pull Plug) for a few seconds then try again.

Works OK but must perform unplug procedure each time.

SOURCE: Akai LCT2716 Flat Panel TV

I bought one of these tv's at a thrift store and it had the same problem, orange light blinking and static sound coming out of the speakers, no video at all.
The problem was the power supply board, this power supply has multiple outputs that feed the circuitry, 12V, 24v, 5V.
There was nine electrolitic capacitors I had to replace to fix it, all of them were bulged they are easy to spot, I measure one of them that was supposed to measure 1000uF but measured only 65uF. you can buy these from digikey for about 50 cents each, they need to be rated at 105 deg c and the profile has to be below the heat sink otherwise they will hit the top of the heat sink, the spacing between the leads has to be 5mm so they fit in the pcb. I replaced 3 1000uF/25v, 3 470uF/16v and 3 1000uF/16v and that fixed the problem, I bought this tv broken for 100 bucks fixed it with 6 bucks.
Good luck, don't perform repair if you are not familiar with dangerous AC voltage inside the TV.

SOURCE: Power light blinking 2 times

2 blinks means the unit is having problem with 12 volt supply.
while power on you can check 12DC on power supply before shutdown.if the voltage is constant before shut down I would recommend to replace D board.

SOURCE: Panasonic 32 inch LCD TV will not turn on-red light flashing

The number of flashes is an error code. Count the number of flash. It looks like one of the boards in your set is failing intermittently. Panasonic codes for a guide as a starting point. Exact board STILL has to be verified;
One Blink: One blink of the power LED indicates a problem in the inverter circuit located on the LCD panel. The inverter board is not to be repaired in the field. Therefore a replacement is required.
Three Blinks: Three blinks of the power LED indicates an over-current or over-voltage condition in one of the DC supplies of the AP board. The AP board is repairable. Therefore the use of an ohmmeter and peak-hold-voltmeter is required to determine the cause of the shutdown. An over-voltage condition is definitely a defect of the AP board. An over-current condition may be due to a short circuit located in the AP board, A board, or the LCD panel.
Five, Seven, or Eight Blinks: The A board is responsible for five, seven or eight blinks of the power LED. The MAIN +3.3V, MAIN +5V, and MAIN +9V sources are all produced on the A board. The detection input pins of the MPU, IC1100, monitor for their presence.
Four or Six Blinks: The AP board is responsible for four or six blinks of the power LED. The DTV9V, and SUB_5V sources are produced on the AP board. The MPU IC1100 monitors for their presence when the unit is connected to AC Power. A short or open circuit on the A board may also be responsible for their absence.
Nine Blinks: Nine blinks of the power LED is due a short circuit in the audio output circuit (s) of the unit. The audio output circuit is located on the A board. Confirm the status of the speakers. If defective, perform a replacement. If ok, replace the A board.
Ten Blinks: Ten blinks of the power LED indicates a malfunction of IC4200, the frame converter. This IC resides on the A board. Therefore ten blinks of the power LED requires the replacement of the A board.

SOURCE: Panasonic Viera 42" TV won't tun on

This problem happens when you connect a DVI-HDMI input to the back of the set. It can happen other ways too though. Press and hold your power button, which will reset the unit to it's factory defaults, and should return it to normal use.