Fails always look bad on your record. Usually a first year fail isn't _that_ bad, but if you want to change degrees, you generally need pretty decent grades. If you're serious about changing in to journalism or a double, I'd get studying. 93.3 isn't bad, but it wouldn't hurt to back it up with a decent first year of arts.
Might also be worth getting a letter from your shrink and applying for special consideration on your exam. It can be the difference between a 49 and a 51 more often than you'd think.
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Strewth
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