This is clearly an electronics issue.
It will be either the amp or preamp. disconnect the preamp from the amp and see if the problem goes away.
If yes=> preamp needs service
If no=> amplifier needs service
This kind of oscillation (called 'motorboating') can be caused by failing filter capacitors in the power supply. This type of failure can lead to failure of the power transformer in that unit, so its a good idea to get a handle on this and find out what is going on. Its really a bummer to have a power transformer fail.