Together with the Blanco y Negro magazine, it bet on the inclusion of a large number of photographs, to the detriment of the style imposed by La Ilustración Española y Americana and its characteristic engravings.

At its peak, it reached a circulation of 266.000 copies on a photographic report on the Barranco del Lobo, published on 1909.

[2] Founded by journalists José del Perojo [es] and Mariano Zavala, the magazine, which was a weekly circulation,[3] published its first issue in 1894.

In his first months, he created and published covers and inside pages related to the war in Cuba.

[6] The death of José del Perojo in 1908 produced a split in the publication that led to the birth of a new magazine: Mundo Gráfico [es], in 1911.