Had a similar issue with an old Parasound amp—turned out to be a bad transistor causing the protection circuit to stay on. Since you’ve already disconnected the speakers and it’s still happening, it’s likely an internal fault. You could try swapping inputs just to rule out a weird signal issue, but if that doesn’t change anything, it’s probably time to open it up and check for burnt components or loose connections. If you're not comfortable poking around inside, a tech visit might be the safest bet.