Deepening and widening convolutional neural networks (CNNs) significantly increases the number of trainable weight parameters by adding more convolutional layers and feature maps per layer, respectively. By imposing inter- and intra-group sparsity onto the weights of the layers during the training process, a compressed network can be obtained with accuracy comparable to a dense one. In this paper, we propose a new variant of sparse group lasso that blends the $ell_0$ norm onto the individual weight parameters and the $ell_{2,1}$ norm onto the output channels of a layer. To address the non-differentiability of the $ell_0$ norm, we apply variable splitting resulting in an algorithm that consists of executing stochastic gradient descent followed by hard thresholding for each iteration. Numerical experiments are demonstrated on LeNet-5 and wide-residual-networks for MNIST and CIFAR 10/100, respectively. They showcase the effectiveness of our proposed method in attaining superior test accuracy with network sparsification on par with the current state of the art.