Granada's Tonightteam had been anticipating that Jackson, who faced ten counts ranging from supplying alcohol to minors and sexual molestation, would be found guilty and had been compiling a special programme to mark the verdict.
Staff had been working on the programme both in the UK and in Santa Maria where the case against Jackson was heard.
The special - which is understood to have been around 90 minutes long - was to have aired immediately after the jury's verdict, and would probably have been shown tonight.
It would have followed up on Tonight's Martin Bashir interview with Jackson in 2003 which featured the superstar talking about how he slept with children at his sprawling Neverland ranch and showed him holding hands with Gavin Arvizo, the child at centre of the alegations.
A spokesman for Tonightsaid: "There are no plans for a programe with Michael Jackson at this point."
Bashir's film became the centrepiece of the prosecution's case - the journalist was even called to the court in Santa Maria to answer questions about the documentary.
Following the broadcast - which made waves around the world - the Arvizo family brought the charges against Jackson.
The film infuriated the singer, who proceeded to sue Bashir for breaches of contract and confidence. The proceedings have been on ice since the allegations but Jackson is expected to renew them following his acquittal.
Living With Michael Jacksonwas a major money-spinner for Granada and has since been sold to over 120 countries.
Meanwhile, Sky One will go ahead with a special programme this week, based on its much-vaunted reconstruction footage of the trail.
The Michael Jackson Trial Verdict Specialis being lined up for a 9pm slot tomorrow night (Weds) and Sky said it would feature "all the key evidence, the dramatic moments and the sensational finale."