Time Warner raises profit forecast but fourth-quarter revenue misses

(Reuters) - Time Warner Inc , the owner of cable channels CNN and HBO and movie studio Warner Bros, raised its 2016 adjusted profit forecast and set a $5 billion share buyback program. The company, whose fourth-quarter profit beat expectations, also raised its dividend to 40.25 cents per share from 35 cents. However, revenue slipped 6 percent and came in shy of estimates, hurt by a lack of hit movie releases from Warner Bros and a strong dollar. The company's shares were down 3.5 percent in prem