Outside the event horizon, light and matter will still be pulled toward the black hole. If a black hole is surrounded by matter, the matter will form an "accretion disk" (accretion means "gathering") around the black hole. An accretion disk looks something like the rings of Saturn. As it gets sucked in, the matter gets very hot and shoots x-ray radiation into space. Think of this as the water spinning around the hole before it falls in.