TERMS OF CONTINUED EMPLOYMENT

Exhibit 10.5

April 28, 2006

Mr. Michael Huseby
Cablevision Systems Corporation
1111 Stewart Avenue
Bethpage, NY 11714

Dear Mike:

This letter will confirm the terms of your continued employment by Cablevision Systems Corporation (the “Company”).

Your title continues to be Executive Vice President and Chief Financial Officer and you continue to report to the President and Chief Executive Officer. You agree to devote substantially all of your business time and attention to the business and affairs of the Company.

Your annual base salary will be a minimum of $800,000, subject to review and potential increase by the Compensation Committee in its discretion. Your annual target bonus will be 80% of the salary paid to you during the year for which the bonus is being paid, subject to review and potential increase by the Compensation Committee in its discretion. The decision whether or not to pay a bonus, and the amount of such a bonus, if any, is made by the Compensation Committee in its sole discretion. Your annual base salary and annual bonus target (as each may be increased from time to time in the Compensation Committee’s discretion) will not be reduced during the term of this letter.

In addition, if you purchase a primary residence on Long Island before the end of calendar year 2006, the Company will reimburse you for your reasonable out-of-pocket carrying costs (net of any tax or other savings or rental income), as determined by the Company, with respect to your existing home in Denver, Colorado until such time as you sell your Denver home, provided that such reimbursement shall be limited to a maximum of $10,000 per month for a maximum of twelve months. Such reimbursement amount, if any, will result in an equal reduction in any future annual bonuses you would otherwise receive from the Company, if any.

You will continue to be eligible to participate in all employee benefits and long-term equity and other incentives on the same basis as other similarly situated executives, all subject to the discretion of the Compensation Committee.

If your employment with the Company is terminated prior to March 1, 2009 (i) by the Company (other than for “Cause”) or (ii) by you for “Good Reason” (other than if “Cause” then exists) then, subject to your execution and the effectiveness of a severance

agreement to the Company’s satisfaction (including, without limitation, non-compete (limited to one year), non-disparagement, non-solicitation, confidentiality, and further cooperation obligations and restrictions on you as well as a general release by you of the Company and its affiliates), the Company will provide you with the following:

(1)            Severance in an amount to be determined by the Compensation Committee (the “Severance Amount”), but in no event less than two (2) times the sum of your annual base salary and your annual target bonus as in effect at the time your employment terminates. Sixty percent (60%) of the Severance Amount will be payable to you on the six-month anniversary of the date your employment so terminates (the “Termination Date”) and the remaining forty percent (40%) of the Severance Amount will be payable to you on the twelve-month anniversary of the Termination Date; and

(2)            A prorated bonus based on the number of weeks of the calendar year you worked for the Company through the Termination Date, provided that such bonus, if any, will be payable to you if and when such bonuses are generally paid to similarly situated employees and will be based on your then current annual target bonus as well as Company and your business unit performance as determined by the Compensation Committee in its discretion, but without adjustment for your individual performance.