No, it's because the Middle East has all the oil, which is literally the commodity on which our economic system is founded. Therefore there is much focus on geopolitics in those areas. Probably the Muslim stuff sexes it up a bit but if it was Christians down there there would probably still be the same extensive coverage. The Russia/Ukraine stuff has also been massively reported despite no-one involved being Muslims. The similarity is that Russia is a major geopolitical player. All their expansionism since 1990 in Chechnya, Abkhazia and now Ukraine has been massively reported at the time. Not to mention that Russia supplies Europe with, again, major oil pipelines which we fear will be turned off.
It contrasts with areas of the world that aren't big players and don't have things like oil to make them big players, like for example the DR Congo where you have warlords sweeping through the place hacking men to pieces, raping their wives and conscripting their children.