Although O/T, I would go with the idea that accidents are more expected in some regions and thus less newsworthy. It is not about the value of life, but about the expectations of a problem. We expect car accidents, thus we dont report on them unless something was unusual about it that we would not expect.
As SLF, there are only about 20-30 airlines I will trust my butt in as I have a higher expectations that those others will crash. If one of those 20-30 crashes, I take notice, if one of the other 200+ crash it does not interest me as much because it is less relevant.
I would fly SpanAir so it is more shocking than this one in which I would have never flew on. Perhaps this is also why cargo crashes are less 'interesting' to the media???