UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                   FORM 12b-25


                           NOTIFICATION OF LATE FILING


SEC FILE NO.: 000-17591
CUSIP NO.:



(Check One):
[X] Form 10-K [ ] Form 20-F [ ] Form 11-K [ ] Form 10-Q [ ] Form N-SAR


For Period Ended: December 31, 1997

                     [ ] Transition Report on Form 10-K 
                     [ ] Transition Report on Form 20-F 
                     [ ] Transition Report on Form 11-K 
                     [ ] Transition Report on Form 10-Q 
                     [ ] Transition Report on Form N-SAR

For the Transition Period Ended:


    ------------------------------------------------------------------------
                NOTHING IN THIS FORM SHALL BE CONSTRUED TO IMPLY
                THAT THE COMMISSION HAS VERIFIED ANY INFORMATION
                                CONTAINED HEREIN.
    ------------------------------------------------------------------------

If the notification  relates to a portion of the filing checked above,  identify
the Item(s) to which the notification relates:









PART I - REGISTRANT INFORMATION

Full Name of Registrant:     Kaleidoscope Media Group, Inc. 
                              (formerly BNN Corporation)

Address of
Principal Executive Office:  345 Park Avenue South
                             New York, New York 10010


PART II - RULES 12b-25(b) AND (c)

If the subject  report could not be filed without  reasonable  effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate)


    | (a) The reasons described in reasonable detail in Part III of this
    |     form could not be eliminated without unreasonable effort or
    |     expense;
[x] | (b) The subject annual report, semi-annual report, transition report
    |     on Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion thereof,
    |     will be filed on or before the fifteenth calendar day following
    |     the prescribed due date; or the subject quarterly report or
    |     transition report on Form 10-Q, or portion thereof will be filed on
    |     or before the fifth calendar day following the prescribed due date;
    |     and
    | (c) The accountant's statement or other exhibit required by Rule
    |     12b-25(c) has been attached if applicable.


PART III - NARRATIVE

The information necessary to complete the quarterly report could not be obtained
on a timely basis.


PART IV - OTHER INFORMATION

         (1)      Name and  telephone  number of person to  contact in regard to
                  this notification:

                               Michael D. DiGiovanna (212) 878-1768

         (2)      Have all other periodic  reports  required under Section 13 or
                  15(d) of the Securities  Exchange Act of 1934 or Section 30 of
                  the  Investment  Company Act of 1940 during the  preceding  12
                  months or for such shorter





                  period that the registrant was required to file such
                  report(s) been filed? If answer is no, identify report(s).

                         [X] Yes             [ ] No

                  (3) Is it anticipated  that any significant  change in results
                  of  operations  from  the  corresponding  period  for the last
                  fiscal year will be reflected by the earnings statements to be
                  included in the subject report or portion thereof?

                         [X] Yes             [ ] No

         If  so,  attach  an  explanation  of  the  anticipated   change,   both
narratively and  quantitatively,  and, if  appropriate,  state the reasons why a
reasonable estimate of the results cannot be made.

         It is anticipated  that there will be a change in results of operations
for the year ended  December  31, 1997 over the year ended  December  31,  1996.
Pre-tax  income for 1997 is expected to be greater than pre-tax income for 1996.
It is also  anticipated  that  there will be a net loss  because  of  additional
income  tax  expense  arising  from  substantial  differences  between  tax  and
financial  statement  income  relating  to the  sale  of  one  if the  Company's
subsidiaries.  The  amounts  of the  pre-tax  income  and  net  loss  cannot  be
reasonably estimated because the Company is still awaiting more information.

 ------------------------------------------------------------------------------
                         Kaleidoscope Media Group, Inc.
 ------------------------------------------------------------------------------
                  (Name of Registrant as Specified in Charter)


 has caused this notification to be signed on its behalf by the undersigned
 hereunto duly authorized.


 Date: March 31, 1998                       By: /s/ Irving Greenman
                                                Irving Greenman
                                                Chief Financial Officer