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.

After a brief scare for the roughly 8 million YouTube TV subscribers, the pay-TV streamer, and Paramount, owner of CBS among its many holdings, reached a short-term extension. There was a deadline of 11 p.