If the top half is an RF oscillator (or modulator to mix into video signal), your scope may not see anything in the higher ranges. Seems like the audio is only fed via C208 and the R207. Since the video goes thru, then the oscillator part is maybe working?. Check the audio C and the R. It is possible the C208 is faulty, depending what kind it is.
Then again, not sure about this circuit. Is it feeding to the video "mux" to the right? If this feeds to another video mixer, then audio may only be modulating the oscillator, which may be "dead". In that case, check the transistor.