I don't think there's such thing as well paying journalism. If you want to be a journalist of any sort you're going to have to suck it up and do it because you love writing, not because you'll be paid well. And yes, you WILL need to love writing. Loving music isn't enough if you want to make a living writing about it.
Anyway, as Dave said, a journalism or English major should be just fine, with electives in various musical classes, maybe even a minor in something music related.
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