My favorite election night coverage of all time was 1997's Election Night Armistice, where Armando Ianucci and co put on three hours of live "alternative" coverage for the UK election with a ludicrous array of brilliant comedy devices
My favourite detail: they recruited Handy Andy from DIY show Changing Rooms to make their infographics out of balsa wood
Just found out the whole thing is on YouTube https://youtu.be/c-ZAIcjN0uM