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 announced Thursday night that it has agreed to a short-term deal with Paramount to keep CBS, Nickelodeon and several other networks owned by the media company on the streaming service—avoiding a blackout of those channels—as both sides continued to negotiations over a new distribution deal will continue.