El Jueves (Thursday) has long been Spain’s most popular satirical magazine but it was rocked by the walkout of many of its cartoonists in May after it changed a cover depicting King Juan Carlos placing a ‘crown of shit’ on Prince Felipe’s head.

Publishers RBA were reportedly unhappy with the anti-monarchy message and 60,000 copies were quickly recalled and binned.

A new print run with a cover featuring Podemos party politician Pablo Iglesias was delivered to newsstands instead, with the 'offending' image moved to the inside pages.

Outraged cover artist Albert Monteys announced his resignation on Twitter and was then followed by many of his co-workers.

Publishers RBA had allegedly informed El Jueves that they were not to run anything on the monarchy but the ploy to protect the royals backfired. Not only was the offending image seen more on social media than it would have been on the magazine cover but El Jueves lost much of its reputation along with its brightest talents.

But now the artists are back, with ‘Orgullo y Satisfacción’ (Pride and Satisfaction), the title of which is a quote from King Juan Carlos’s recent abdication speech.

The irreverent new magazine will go on sale on Wednesday, the day before the coronation of Spain’s new king. It will be available only via download from the website of publisher Caramba Cómics.

On their Twitter account @orgulloysatisfa, the writers have promised that the new title will deliver “a lot of laughs”.