More audio, mainly. I usually just sub when he runs a coupon code and grab all the Bruce Mitchell shows that I missed. Wade is also (IMO) a very good interviewer, especially compared to a guy like Alvarez that knows less about wrestling history than most people here, so I also grab any of the interviews he did while I was gone that look interesting. I re-subbed when they ran a Todd Martin coupon code and have liked the stuff that he and Wade have done together, as well.
I also enjoy not having to wade (no pun intended) through a bunch of MMA hot takes that I have no interest in. If I want MMA talk, I listen to people like Jordan Breen and Jack Encaracao at Sherdog, etc. because I think they do a far better job and it's free.
Of course, there are many valid issues about the Torch that people (myself included) have voiced in this thread, as well. I don't read anything aside from the occasional Bruce Mitchell column, so I have no idea how good the newsletter is these days. I think Wade just transcribes his hotlines/recaps.