In this study, we present an exploratory analysis of a Slovenian news corpus, in which we investigate the association between named entities and sentiment in the news. We propose a methodology that combines Named Entity Recognition and Subgroup Discovery - a descriptive rule learning technique for identifying groups of examples that share the same class label (sentiment) and pattern (features - Named Entities). The approach is used to induce the positive and negative sentiment class rules that reveal interesting patterns related to different Slovenian and international politicians, organizations, and locations.