Zeeya Merali in Nature:
Most physicists foolhardy enough to write a paper claiming that “there are no black holes” — at least not in the sense we usually imagine — would probably be dismissed as cranks. But when the call to redefine these cosmic crunchers comes from Stephen Hawking, it’s worth taking notice. In a paper posted online, the physicist, based at the University of Cambridge, UK, and one of the creators of modern black-hole theory, does away with the notion of an event horizon, the invisible boundary thought to shroud every black hole, beyond which nothing, not even light, can escape.
In its stead, Hawking’s radical proposal is a much more benign “apparent horizon”, which only temporarily holds matter and energy prisoner before eventually releasing them, albeit in a more garbled form.
“There is no escape from a black hole in classical theory,” Hawking told Nature. Quantum theory, however, “enables energy and information to escape from a black hole”. A full explanation of the process, the physicist admits, would require a theory that successfully merges gravity with the other fundamental forces of nature. But that is a goal that has eluded physicists for nearly a century. “The correct treatment,” Hawking says, “remains a mystery.”
Hawking posted his paper on the arXiv preprint server on 22 January1. He titled it, whimsically, 'Information preservation and weather forecasting for black holes', and it has yet to pass peer review. The paper was based on a talk he gave via Skype at a meeting at the Kavli Institute for Theoretical Physics in Santa Barbara, California, in August 2013 (watch video of the talk).
More here.