Algorithms for signal denoising that combine wavelet-domain sparsity and total variation (TV) regularization are relatively free of artifacts, such as pseudo-Gibbs oscillations, normally introduced by pure wavelet thresholding. This paper formulates wavelet-TV (WATV) denoising as a unified problem. To strongly induce wavelet sparsity, the proposed approach uses non-convex penalty functions. At the same time, in order to draw on the advantages of convex optimization (unique minimum, reliable algorithms, simplified regularization parameter selection), the non-convex penalties are chosen so as to ensure the convexity of the total objective function. A computationally efficient, fast converging algorithm is derived.