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.

Just one month after YouTube TV raised prices by 14%, the streaming service is losing Paramount channels over a carriage dispute.