Cannon Group said it missed another interest...

Cannon Group said it missed another interest payment to bondholders. The Los Angeles-based film maker said it would pay the $2,560,000 within the 30-day period allowed before it is considered a default. In mid-October the company missed an $11,715,625 interest payment on other debentures. Cannon said its previously announced agreement to sell and lease back its worldwide theater holdings is “proceeding.”