Fenderputty
Banned
Well, the time slows down for light as well, and since frequency is the inverse of the period, the frequency of the light emmited near the horizon as measured by the distant observer decreases. This is the gravitational redshift.
Since the frequency is proportional to photon energy, the energy decreases as well. You may imagine the photon loses energy climbing out of the gravitational well of the BH.
Eventually, the light is so stretched and low energy that you can't detect it anymore, so not only you see the person slow down, but his image gets fainter and redder until its below the sensitivity of your detector, and then you don't see the guy anymore.
This makes perfect sense and how I visualized what it would actually look like. So even though it's "stuck" the the observer won't see that image in perpetuity due to the energies being reduced.
I would also assume this changes based on the size of the BH. The larger the diameter the longer the transition to the event horizon takes place. So we would see the object for longer periods if the black hole is a super massive one correct?