In a large microwavable bowl, combine cereals.
In 2 cup microwavable measuring cup, mix brown sugar, butter, honey, and salt. Cook on high 1 1/2 minutes, stirring after 1 minute, until mixture boils. Stir, then pour over cereal mixture. Stir to coat evenly. Microwave uncovered on high for 4 minutes, stirring every minute. Stir in cherries and sesame seeds. Microwave an additional 3 minutes, stirring again every minute. Spread on waxed paper to cool. Store in airtight container.