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My first inclination is that there is water in the coax connection(s). Those boots aren't as watertight as you might think, and may even by holding water inside once it gets in. Getting some dirty water in there may have also shorted the power to the amp just enough to stop it from working, and any degradation of the signal itself is, of course, a bad thing.
The amp without power to it is likely to block most of the signal, too, which would explain your still getting strong local signals but losing the distant stations.
I'd start with cutting off the terminations and reterminating with good quality compression types. If that works, then seal with Coax-Seal and maybe cover with tape to keep the sun off.
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