YouTube TV and Paramount have agreed to a short-term deal extension to avoid a blackout of CBS, YouTube announced late Thursday. Paramount wanted a rate hike. Their existing deal expired at 1 p.m. ET on Feb. 13.

In an eleventh-hour agreement late Thursday night, YouTube TV reached what it called a "short-term extension" with Paramount to keep channels such as CBS, Comedy Central and MTV on its subscription streaming service after access to them was set to go dark following failed negotiations around a contract renewal.

YouTube TV subscribers braced for the loss of popular programming as negotiations for a new distribution contract went down to the wire. Google said it would offer customers an $8-a-month credit to compensate for the outage.