 But it did not take long for them to flare up again, when in 2000 KREM sought a television license which was objected to by broadcast leader Channel 5 on grounds of monopoly.KREM TV would set up shop in 2004.Recently, KREM lost significant advertising revenues from businesses related to British businessman Michael Ashcroft as a result of an undeclared war over Ashcroft's high-handed business dealings in Belize in recent years, particularly over BTL.