As a physicist I have to say this on your theory, kwbMitel:
While time dilation also is valid for photons, they actually move at the speed of light and not near the speed of light, even in normal space. Still they are equal to a certain wavelength. That is the particle/wave dualism of light. But you can't argue for no color with neither time dilation. What's true is that the particle lifetime of photons in their own so called proper time is 0 (it never ages), as their speed is c. What really happens to photons on a black hole is the same as on earth/soil. It is partly absorbed,partly scattered, but it will never again pass the event horizon to the outside because of the gravity. You can see the gravity effect on light at the eclipse of the sun via the bent positions of stars behind the sun in comparison with their normal position.
See
"The traveling object, however, experiences no strange effects and does, in fact, pass through the horizon in a finite amount of proper time."
Applied on the photons this means their energy equal to their wavelength doesn't change to a lower energy. "any object approaching the horizon from the observer's side appears to slow down". The main word here is "appaers", it just appears so. Indeed light going in to a black hole must gain energy. It can't accelerate of course, as it's already at the highest speed available. But if you talk about the picture you see of an object moving towards a black hole, you talk of photons emitted from that object in your direction, and that is slowered, but you can't talk about the image of a photon you observe moving to a black hole. A photon is not a light bulb emitting light, it's the quantum of light itself and only faces one direction.
The recent finding of the Higgs Boson makes another question more interesting again: Are there Gravitons? And if so, they must emit from black holes, otherwise black holes would have no gravitational effect on the outside, because gravitons
are the gravitiy. That again means events inside the black hole, that create Gravitons do effect the outside world.
Also see
this suggests light can be emitted along the polar axis of a black hole. So overall in my understanding, depending on the reactions, physical or chemical, going on at the black hole surface of it's supermassive part, there could be light emitting in all directions, but it would be bent to fall back to the black hole surface.
Also see
the polar jets and the evolving of black hole spin is not understood. For such jets of xrays to be produced you can think of very fast spins and a very huge magnetic field of black holes, which might override the gravity especially at the poles of course.
Bye, Olaf.