The Pound-Rebka experiment is compatible with Newton's emission theory of light where there is no gravitational time dilation and light falls like ordinary falling bodies (in the gravitational field of the Earth the acceleration of falling photons is g):

http://www.einstein-online.info/spot...t_white_dwarfs
Albert Einstein Institute: "One of the three classical tests for general relativity is the gravitational redshift of light or other forms of electromagnetic radiation. However, in contrast to the other two tests - the gravitational deflection of light and the relativistic perihelion shift -, you do not need general relativity to derive the correct prediction for the gravitational redshift. A combination of Newtonian gravity, a particle theory of light, and the weak equivalence principle (gravitating mass equals inertial mass) suffices. (...) The gravitational redshift was first measured on earth in 1960-65 by Pound, Rebka, and Snider at Harvard University..."

http://courses.physics.illinois.edu/...ctures/l13.pdf
University of Illinois at Urbana-Champaign: "Consider a falling object. ITS SPEED INCREASES AS IT IS FALLING. Hence, if we were to associate a frequency with that object the frequency should increase accordingly as it falls to earth. Because of the equivalence between gravitational and inertial mass, WE SHOULD OBSERVE THE SAME EFFECT FOR LIGHT. So lets shine a light beam from the top of a very tall building. If we can measure the frequency shift as the light beam descends the building, we should be able to discern how gravity affects a falling light beam. This was done by Pound and Rebka in 1960. They shone a light from the top of the Jefferson tower at Harvard and measured the frequency shift. The frequency shift was tiny but in agreement with the theoretical prediction."

But the Pound-Rebka experiment is also compatible with Einstein's general relativity where there IS gravitational time dilation and light falls like.... like what, Einsteinians? Yes, compatibility is only possible if, in general relativity, the speed of light falling towards the source of gravity idiotically DECREASES (in the gravitational field of the Earth the acceleration of falling photons is NEGATIVE, -2g):

http://www.physlink.com/Education/AskExperts/ae13.cfm
"Contrary to intuition, the speed of light (properly defined) decreases as the black hole is approached."

http://www.speed-light.info/speed_of_light_variable.htm
"Einstein wrote this paper in 1911 in German. (...) ...you will find in section 3 of that paper Einstein's derivation of the variable speed of light in a gravitational potential, eqn (3). The result is: c'=c0(1+φ/c^2) where φ is the gravitational potential relative to the point where the speed of light c0 is measured. Simply put: Light appears to travel slower in stronger gravitational fields (near bigger mass). (...) You can find a more sophisticated derivation later by Einstein (1955) from the full theory of general relativity in the weak field approximation. (...) Namely the 1955 approximation shows a variation in km/sec twice as much as first predicted in 1911."

http://www.mathpages.com/rr/s6-01/6-01.htm
"Specifically, Einstein wrote in 1911 that the speed of light at a place with the gravitational potential φ would be c(1+φ/c^2), where c is the nominal speed of light in the absence of gravity. In geometrical units we define c=1, so Einstein's 1911 formula can be written simply as c'=1+φ. However, this formula for the speed of light (not to mention this whole approach to gravity) turned out to be incorrect, as Einstein realized during the years leading up to 1915 and the completion of the general theory. (...) ...we have c_r =1+2φ, which corresponds to Einstein's 1911 equation, except that we have a factor of 2 instead of 1 on the potential term."

Pentcho Valev