On Thursday, AT&T received approval to go ahead with its purchase of Time Warner for $ 85.4 billion. By the end of the week, the deal was closed giving the nation’s second largest wireless carrier ownership of HBO, CNN, TNT, TBS and other cable properties. The deal also brought AT&T the Time Warner movie studio and a library of popular films. As we pointed out when the court ruled against the Justice Department, content is very much in demand by wireless operators. If you’re wondering why, let’s take a look at what AT&T just announced on Friday.