Magnetic locking mechanism for a security package

A reusable plastic package for securely holding and displaying a rectangular article such as a compact disc. This reusable plastic package includes a housing having large and small compartments formed on opposite ends for selectively storing an article in the larger of the compartments. The large compartment has an access opening for inserting and removing the article into and out of the compartment. The small compartment functions as a lock compartment whereby a slide plate is slidably mounted thereon and selectively movable across a portion of the access opening of the larger storage compartment for releasably securing the article in the larger storage compartment. Magnetically releasable locking levers are formed within the lock compartment and interengage with mating projections formed on the slide plate when the slide plate is in a selected locked position for securing the article within the package due to a portion of the slide plate blocking the access opening. A magnetic key disengages the locking levers from the projections to enable the slide plate to be moved to the unlocked position. The locking levers and projections are spaced apart in groups in the locking compartment and on the slide plate to provide space for an electronic article surveillance tag.