The chart data broadcast actually included the top 40 songs from the week ending July 11, 1970. The first show featured the last time both Elvis Presley and The Beatles had songs simultaneously in the Top 10. It was originally distributed by Watermark Inc., and was first presented in mono until February 24, 1973, when the first stereo vinyl copies were distributed. In early 1982, Watermark was purchased by ABC Radio and "AT40" became a program of the "ABC Contemporary Radio Network". The program was hosted by Casey Kasem and co-created by Kasem; Don Bustany, Kasem's childhood friend from Detroit, MI; radio veteran Tom Rounds; and 93/KHJ Program Director Ron Jacobs, who produced and directed the various production elements. Rounds was also the marketing director; the initial funder was California strawberry grower Tom Driscoll.