Recently Economic Times and Times of India's journalist succumbed to COVID 19. Many journalists have recently passed away. I think it's a fitting tribute to them by not covering the Election Results. You cannot cancel Exit Polls as you collab with third parties for Exit Polls. There is contractual obligations.
I think the channel has any technical problems, may the employees affected Covid. Otherwise there is no chance for suspending counting day coverage - especially a channel like Times Now.
TMC have to win more than 50 seats than the magic figure. If bJP win 50-70less seat than the magic figure , I'm sure they will buy MLA forcefully and will form the govt within 2-3 month.