Atlanta, GA-based SP Newsprint Co. said in May that it has engaged TD Securities (USA) LLC to explore strategic alternatives to maximize value and  position the company for continued long-term success.

SP is a privately held producer of newsprint, owned in an equal, general partnership by affiliates of Cox Enterprises, Inc., Media General, Inc. and The McClatchy Company. The review will consider a range of options, including the potential sale of the company and SP Recycling Corp., its wholly owned recycling subsidiary.

SP is the second-largest producer of 100% recycled newsprint and the fifthlargest newsprint producer in North America, with 2006 consolidated sales of $638 million. Annual newsprint production totals about one million tons. The company supplies newsprint to its owners and to other newspapers, primarily in southeastern and western states. It has two newsprint mills — one in Dublin, GA, the other in Newberg, OR — as well as SP Recycling.

SP said it would not make further public comments until it has completed an analysis of strategic alternatives and a definitive transaction is approved. www.spnewsprinteast.com. PI

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