Feb 12 (Reuters) - Media giant Paramount Global's ( PARAA )

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.

Paramount said on Wednesday that YouTube TV was attempting

to pressure it into accepting "one-sided terms" and "non-market

demands" that could lead to the removal of Paramount's networks

from YouTube TV.

"We have made a series of fair offers to continue our

long-standing relationship with Google's YouTube TV," a

Paramount spokesperson said, adding that it will continue its

efforts to reach a new agreement.

YouTube, owned by Alphabet, said that it is

actively negotiating with Paramount to maintain the channels on

YouTube TV without affecting subscribers.

"If we can't reach an agreement and their content is

unavailable for an extended period of time, we'll offer

subscribers an $8 credit," YouTube said in a blog.

Paramount's channels - BET, CBS, CBS Sports Network, Comedy

Central, MTV, Nickelodeon and Paramount Network - are currently

available on YouTube TV, and subscribers also have access to

add-on services including Paramount+ with SHOWTIME and BET+.