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.

Media giant Paramount Global's channels, including CBS and Nickelodeon, will be unavailable on YouTube TV starting Thursday after the two companies failed to reach a contract renewal, both parties said.