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For me, if I want a comedic monologue I will go with The Moth, I am sure there are others.
If I want a 'radio drama' well, there are millions of old time radio shows available in podcast form, there are some short form modern comedic 'radio plays' such as Thrilling Adventure Hour and Mike Detective.
Or there is the expert mix of the both but with documentary subjects like This American Life, or just the documentary with audio design that is Radio Lab.
Maybe if The Punch was funny or compelling it wouldn't be a problem, but I get the impression that no one involved has any idea what it is, so how in the hell is a listener supposed to know what it is...other than a waste of time.