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  This really is about tradition vs saving money.
  
  To pick up on some of the points:
  "We want to know who won as soon as possible" - The result does not change though! Much like looking out of the window when waiting for a friend does not make them arrive any quicker.
  
  "It would be a backward step" - In terms of time only, again insignificant as the outcome remains the same.
  
  "Fewer people will be able to follow the results coming in" - I think if you possess the conviction to stay up until the early hours, I'm sure you could muster the ingenuity to find out the result the next day.
  
  "The TV coverage of the election will suffer" - The coverage is much like a sophisticated eurovision program. It is the outcome that is that is supremely important, which again does not change.
  
  "It's a tradition, dammit" This is about the only realistic argument and one that is clearly the real concern. Lets face it, this is all about the drama, fun, excitement and anxiety created by the event and this is what people want. This is about keeping things 'the way they have always been'! On this subject, fair enough there is no problem with this (not that tradition is ever a good argument for anything).
  
  This said, if this does save huge amounts of money then why not?

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