March 12, 2004

Exhibit 10.48

March 12, 2004

Xx. Xxxx Xxxxx

00 Xxx Xxxxxx Xxxxx

Xx. Xxxxxxxxxx, Xxxxxxx 00000

Dear Xxxx,

Reference is hereby made to that certain Consulting Agreement dated January 27, 2001 by and between Cablevision Systems Corporation (“Cablevision”) and you (“the Consulting Agreement”).

Please acknowledge below your agreement to extend the Consulting Agreement for an additional three years on all of the same terms and conditions.  Please note, however, that in light of the new recently adopted New York Stock Exchange rules, Section 2 of the Consulting Agreement shall be considered modified such that, if you are elected to the Cablevision Board of Directors, Cablevision shall not be required to appoint you to, or as Chair of, any specific Committees of the Board.

We continue to appreciate your ongoing service to Cablevision as both a director and valuable consultant of the company.

Sincerely,

/s/ Xxxxx X. Xxxxx

Xxxxx X. Xxxxx

President, Chief Executive Officer

ACKNOWLEDGED AND AGREED:

/s/ Xxxx Xxxxx

Xxxx Xxxxx