  Although the giant radiogalaxy M 87 harbors many distinct regions of
broad-band nonthermal emission, the recently reported fast variability of TeV
gamma rays from M 87 on a timescale of days strongly constrains the range of
speculations concerning the possible sites and scenarios of particle
acceleration responsible for the observed TeV emission. A natural production
site of this radiation is the immediate vicinity of the central supermassive
mass black hole (BH). Because of the low bolometric luminosity, the nucleus of
M 87 is effectively transparent for gamma rays up to energy of 10 TeV, which
makes this source an ideal laboratory for study of particle acceleration
processes close to the BH event horizon. We critically analyse different
possible radiation mechanisms in this region, and argue that the observed very
high-energy gamma ray emission can be explained by the inverse Compton emission
of ultrarelativistic electron-positron pairs produced through the development
of an electromagnetic cascade in the BH magnetosphere. We demonstrate, through
detailed numerical calculations of acceleration and radiation of electrons in
the magnetospheric vacuum gap, that this ``pulsar magnetosphere like'' scenario
can satisfactorily explain the main properties of TeV gamma-ray emission of M
87.
