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.

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.

Paramount-owned channels are at the center of the tug-of-war, and YouTube TV customers could see offerings like Comedy Central and MTV disappear.