Cannon Group said it missed another interest...

Cannon Group said it missed another interest payment, one due Friday totaling $11.7 million to bondholders. The payments were due on $80.5 million of 8.875% convertible senior subordinated debentures and $126.5 million of 12.875% senior subordinated debentures due April 15, 2001. The troubled film maker, which is being reorganized by its major European stockholders, said it intends to pay the interest to bondholders during the 30-day remedy period, which it has done on other occasions.